A whale with a lot of money to spend has taken a noticeably bearish stance on Humana.
Looking at options history for Humana HUM we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $101,460 and 8, calls, for a total amount of $272,740.
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 $495.0 to $600.0 for Humana over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Humana options trades today is 197.88 with a total volume of 103.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Humana's big money trades within a strike price range of $495.0 to $600.0 over the last 30 days.
Humana 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 |
|---|---|---|---|---|---|---|---|---|
| HUM | PUT | TRADE | BEARISH | 01/19/24 | $520.00 | $65.1K | 893 | 2 |
| HUM | CALL | TRADE | NEUTRAL | 06/21/24 | $510.00 | $58.5K | 4 | 7 |
| HUM | CALL | SWEEP | BULLISH | 08/18/23 | $570.00 | $44.9K | 110 | 0 |
| HUM | PUT | SWEEP | BULLISH | 01/19/24 | $530.00 | $36.3K | 75 | 9 |
| HUM | CALL | TRADE | BEARISH | 06/16/23 | $500.00 | $31.5K | 182 | 9 |
Where Is Humana Standing Right Now?
- With a volume of 326,973, the price of HUM is down -0.47% at $527.13.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 83 days.
What The Experts Say On Humana:
- Stephens & Co. downgraded its action to Overweight with a price target of $590
- SVB Securities has decided to maintain their Outperform rating on Humana, which currently sits at a price target of $600.
- Oppenheimer downgraded its action to Outperform with a price target of $630
- Truist Securities has decided to maintain their Hold rating on Humana, which currently sits at a price target of $590.
- RBC Capital downgraded its action to Outperform with a price target of $637
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 Humana, 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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