A whale with a lot of money to spend has taken a noticeably bullish stance on NXP Semiconductors.
Looking at options history for NXP Semiconductors NXPI we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $66,960 and 8, calls, for a total amount of $376,320.
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 $180.0 to $220.0 for NXP Semiconductors over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for NXP Semiconductors'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 NXP Semiconductors's whale activity within a strike price range from $180.0 to $220.0 in the last 30 days.
NXP Semiconductors 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 |
|---|---|---|---|---|---|---|---|---|
| NXPI | CALL | TRADE | BULLISH | 01/19/24 | $200.00 | $92.2K | 1.6K | 76 |
| NXPI | CALL | TRADE | BEARISH | 06/21/24 | $200.00 | $91.0K | 55 | 50 |
| NXPI | CALL | SWEEP | BULLISH | 07/21/23 | $190.00 | $38.0K | 131 | 102 |
| NXPI | PUT | TRADE | BULLISH | 01/17/25 | $200.00 | $37.2K | 2 | 10 |
| NXPI | CALL | SWEEP | BULLISH | 10/20/23 | $185.00 | $36.5K | 154 | 41 |
Where Is NXP Semiconductors Standing Right Now?
- With a volume of 1,287,019, the price of NXPI is up 5.67% at $181.06.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 59 days.
What The Experts Say On NXP Semiconductors:
- Needham downgraded its action to Strong Buy with a price target of $235
- Needham downgraded its action to Strong Buy with a price target of $250
- Truist Securities has decided to maintain their Buy rating on NXP Semiconductors, which currently sits at a price target of $217.
- Morgan Stanley has decided to maintain their Equal-Weight rating on NXP Semiconductors, which currently sits at a price target of $180.
- Citigroup has decided to maintain their Neutral rating on NXP Semiconductors, which currently sits at a price target of $175.
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 NXP Semiconductors, 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.
