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 18% of the investors opened trades with bullish expectations and 81% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $580,387 and 4, calls, for a total amount of $543,302.
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 $25.0 to $45.0 for U.S. Bancorp 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 U.S. Bancorp'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 U.S. Bancorp's whale trades within a strike price range from $25.0 to $45.0 in 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 | BULLISH | 09/15/23 | $25.00 | $427.3K | 472 | 475 |
| USB | PUT | SWEEP | BEARISH | 05/19/23 | $32.50 | $157.2K | 18.6K | 4.5K |
| USB | PUT | SWEEP | BEARISH | 05/19/23 | $32.50 | $122.0K | 18.6K | 3.9K |
| USB | PUT | SWEEP | BEARISH | 05/19/23 | $32.50 | $112.5K | 18.6K | 3.0K |
| USB | PUT | SWEEP | BEARISH | 05/19/23 | $32.50 | $65.0K | 18.6K | 678 |
Where Is U.S. Bancorp Standing Right Now?
- With a volume of 9,002,851, the price of USB is down -2.01% at $32.84.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 81 days.
What The Experts Say On U.S. Bancorp:
- Goldman Sachs has decided to maintain their Buy rating on U.S. Bancorp, which currently sits at a price target of $37.
- Argus Research has decided to maintain their Buy rating on U.S. Bancorp, which currently sits at a price target of $58.
- Oppenheimer has decided to maintain their Outperform rating on U.S. Bancorp, which currently sits at a price target of $67.
- Morgan Stanley has decided to maintain their Equal-Weight rating on U.S. Bancorp, which currently sits at a price target of $46.
- Morgan Stanley has decided to maintain their Equal-Weight rating on U.S. Bancorp, which currently sits at a price target of $43.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
