Someone with a lot of money to spend has taken a bearish stance on T. Rowe Price Gr TROW.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TROW, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 25 options trades for T. Rowe Price Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 28% bullish and 72%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $50,618, and 24, calls, for a total amount of $5,744,969..
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $125.0 for T. Rowe Price Gr over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for T. Rowe Price Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of T. Rowe Price Gr's whale trades within a strike price range from $60.0 to $125.0 in the last 30 days.
T. Rowe Price Gr Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TROW | CALL | SWEEP | BULLISH | 01/20/23 | $65.00 | $809.3K | 547 | 267 |
| TROW | CALL | SWEEP | BEARISH | 01/20/23 | $60.00 | $747.3K | 547 | 486 |
| TROW | CALL | SWEEP | BEARISH | 01/20/23 | $60.00 | $640.0K | 547 | 18 |
| TROW | CALL | TRADE | BULLISH | 01/20/23 | $60.00 | $457.9K | 547 | 353 |
| TROW | CALL | TRADE | NEUTRAL | 01/20/23 | $65.00 | $451.2K | 547 | 547 |
Where Is T. Rowe Price Gr Standing Right Now?
- With a volume of 2,946,558, the price of TROW is up 14.52% at $122.67.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 77 days.
What The Experts Say On T. Rowe Price Gr:
- Credit Suisse downgraded its action to Underperform with a price target of $70
- Morgan Stanley has decided to maintain their Equal-Weight rating on T. Rowe Price Gr, which currently sits at a price target of $100.
- Deutsche Bank has decided to maintain their Hold rating on T. Rowe Price Gr, which currently sits at a price target of $101.
- Morgan Stanley has decided to maintain their Equal-Weight rating on T. Rowe Price Gr, which currently sits at a price target of $105.
- JP Morgan has decided to maintain their Underweight rating on T. Rowe Price Gr, which currently sits at a price target of $93.
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 T. Rowe Price Gr, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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