A whale with a lot of money to spend has taken a noticeably bearish stance on U.S. Bancorp.
Looking at options history for U.S. Bancorp USB we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 9% of the investors opened trades with bullish expectations and 90% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $196,662 and 6, calls, for a total amount of $718,303.
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 $27.5 to $47.5 for U.S. Bancorp over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for U.S. Bancorp options trades today is 1338.4 with a total volume of 2,445.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for U.S. Bancorp's big money trades within a strike price range of $27.5 to $47.5 over the last 30 days.
U.S. Bancorp 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 |
|---|---|---|---|---|---|---|---|---|
| USB | CALL | SWEEP | NEUTRAL | 05/19/23 | $30.00 | $298.2K | 680 | 400 |
| USB | CALL | SWEEP | NEUTRAL | 09/15/23 | $32.50 | $162.0K | 452 | 300 |
| USB | CALL | SWEEP | NEUTRAL | 06/16/23 | $35.00 | $142.8K | 1.2K | 5 |
| USB | PUT | SWEEP | NEUTRAL | 06/21/24 | $45.00 | $58.8K | 222 | 91 |
| USB | CALL | SWEEP | NEUTRAL | 03/31/23 | $32.50 | $46.6K | 113 | 110 |
Where Is U.S. Bancorp Standing Right Now?
- With a volume of 12,721,790, the price of USB is up 0.97% at $35.24.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 23 days.
What The Experts Say On U.S. Bancorp:
- Goldman Sachs downgraded its action to Neutral with a price target of $51
- Oppenheimer has decided to maintain their Outperform rating on U.S. Bancorp, which currently sits at a price target of $64.
- Baird upgraded its action to Outperform with a price target of $52
- Goldman Sachs has decided to maintain their Neutral rating on U.S. Bancorp, which currently sits at a price target of $44.
- RBC Capital has decided to maintain their Outperform rating on U.S. Bancorp, which currently sits at a price target of $49.
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 U.S. Bancorp, 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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