A whale with a lot of money to spend has taken a noticeably bearish stance on Charles Schwab.
Looking at options history for Charles Schwab SCHW we detected 29 strange trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $286,770 and 21, calls, for a total amount of $1,161,196.
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 $40.0 to $82.5 for Charles Schwab 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 Charles Schwab'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 Charles Schwab's whale trades within a strike price range from $40.0 to $82.5 in the last 30 days.
Charles Schwab 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 |
|---|---|---|---|---|---|---|---|---|
| SCHW | CALL | SWEEP | BEARISH | 01/17/25 | $70.00 | $228.8K | 1.8K | 242 |
| SCHW | CALL | TRADE | BULLISH | 09/15/23 | $55.00 | $115.5K | 1.2K | 0 |
| SCHW | CALL | SWEEP | BULLISH | 06/21/24 | $80.00 | $94.0K | 826 | 43 |
| SCHW | CALL | SWEEP | BULLISH | 03/31/23 | $60.00 | $88.0K | 2.6K | 892 |
| SCHW | CALL | SWEEP | BULLISH | 03/15/24 | $42.50 | $83.8K | 40 | 40 |
Where Is Charles Schwab Standing Right Now?
- With a volume of 8,717,590, the price of SCHW is down -2.46% at $58.01.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 26 days.
What The Experts Say On Charles Schwab:
- JP Morgan has decided to maintain their Overweight rating on Charles Schwab, which currently sits at a price target of $97.
- Credit Suisse has decided to maintain their Outperform rating on Charles Schwab, which currently sits at a price target of $68.
- Citigroup upgraded its action to Buy with a price target of $75
- Credit Suisse upgraded its action to Outperform with a price target of $67
- Barclays has decided to maintain their Equal-Weight rating on Charles Schwab, which currently sits at a price target of $61.
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 Charles Schwab, 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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