A whale with a lot of money to spend has taken a noticeably bullish stance on Mobileye Global.
Looking at options history for Mobileye Global MBLY we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $169,700 and 15, calls, for a total amount of $712,510.
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 $30.0 to $45.0 for Mobileye Global over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Mobileye Global options trades today is 2604.6 with a total volume of 30,813.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Mobileye Global's big money trades within a strike price range of $30.0 to $45.0 over the last 30 days.
Mobileye Global 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 |
|---|---|---|---|---|---|---|---|---|
| MBLY | CALL | SWEEP | BULLISH | 05/19/23 | $30.00 | $248.2K | 3.5K | 2.8K |
| MBLY | PUT | TRADE | BEARISH | 08/18/23 | $45.00 | $70.7K | 600 | 345 |
| MBLY | PUT | TRADE | BEARISH | 08/18/23 | $45.00 | $50.5K | 600 | 275 |
| MBLY | PUT | SWEEP | BEARISH | 08/18/23 | $45.00 | $48.4K | 600 | 125 |
| MBLY | CALL | TRADE | BEARISH | 05/19/23 | $30.00 | $44.2K | 3.5K | 2.9K |
Where Is Mobileye Global Standing Right Now?
- With a volume of 3,587,720, the price of MBLY is up 3.1% at $37.26.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 109 days.
What The Experts Say On Mobileye Global:
- Deutsche Bank has decided to maintain their Buy rating on Mobileye Global, which currently sits at a price target of $44.
- Wolfe Research upgraded its action to Outperform with a price target of $46
- Daiwa Capital downgraded its action to Buy with a price target of $50
- Loop Capital has decided to maintain their Buy rating on Mobileye Global, which currently sits at a price target of $55.
- RBC Capital has decided to maintain their Outperform rating on Mobileye Global, which currently sits at a price target of $42.
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 Mobileye Global, 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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