Someone with a lot of money to spend has taken a bullish stance on Horizon Therapeutics HZNP.
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 HZNP, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 23 uncommon options trades for Horizon Therapeutics.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 39%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $208,000, and 21 are calls, for a total amount of $3,076,333.
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 $135.0 for Horizon Therapeutics over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Horizon Therapeutics options trades today is 1698.75 with a total volume of 12,631.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Horizon Therapeutics's big money trades within a strike price range of $60.0 to $135.0 over the last 30 days.
Horizon Therapeutics 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 |
|---|---|---|---|---|---|---|---|---|
| HZNP | CALL | TRADE | BULLISH | 05/19/23 | $60.00 | $520.0K | 1.0K | 900 |
| HZNP | CALL | TRADE | BULLISH | 05/19/23 | $60.00 | $520.0K | 1.0K | 800 |
| HZNP | CALL | TRADE | BULLISH | 05/19/23 | $60.00 | $520.0K | 1.0K | 700 |
| HZNP | CALL | TRADE | BULLISH | 05/19/23 | $60.00 | $520.0K | 1.0K | 500 |
| HZNP | CALL | TRADE | BULLISH | 12/16/22 | $100.00 | $211.3K | 3.7K | 465 |
Where Is Horizon Therapeutics Standing Right Now?
- With a volume of 23,825,564, the price of HZNP is up 14.55% at $111.44.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 78 days.
What The Experts Say On Horizon Therapeutics:
- Piper Sandler has decided to maintain their Overweight rating on Horizon Therapeutics, which currently sits at a price target of $110.
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 Horizon Therapeutics, 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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