This Is What Whales Are Betting On Nutrien

Whales with a lot of money to spend have taken a noticeably bullish stance on Nutrien.

Looking at options history for Nutrien NTR we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $526,480 and 5, calls, for a total amount of $336,783.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $47.5 and $60.0 for Nutrien, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Nutrien options trades today is 502.29 with a total volume of 3,542.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Nutrien's big money trades within a strike price range of $47.5 to $60.0 over the last 30 days.

Nutrien Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Nutrien

Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients - nitrogen, potash, and phosphate - although its main focus is potash, where it is the global leader in installed capacity with a roughly 20% market share. The company is also the largest agricultural retailer in North America and Australia, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.

Following our analysis of the options activities associated with Nutrien, we pivot to a closer look at the company's own performance.

Nutrien's Current Market Status

• Trading volume stands at 3,690,724, with NTR's price up by 0.32%, positioned at $52.7.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 43 days.

What The Experts Say On Nutrien

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $60.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Goldman Sachs downgraded its action to Sell with a price target of $53. * An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Nutrien, which currently sits at a price target of $62. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $60. * Maintaining their stance, an analyst from CIBC continues to hold a Outperformer rating for Nutrien, targeting a price of $66. * Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Nutrien with a target price of $59.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Nutrien, Benzinga Pro gives you real-time options trades alerts.