A whale with a lot of money to spend has taken a noticeably bearish stance on Duke Energy.
Looking at options history for Duke Energy DUK 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, 3 are puts, for a total amount of $212,651 and 7, calls, for a total amount of $297,261.
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 $70.0 to $120.0 for Duke Energy 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 Duke Energy'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 Duke Energy's whale trades within a strike price range from $70.0 to $120.0 in the last 30 days.
Duke Energy 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 |
|---|---|---|---|---|---|---|---|---|
| DUK | PUT | TRADE | BULLISH | 01/17/25 | $120.00 | $149.0K | 1 | 0 |
| DUK | CALL | SWEEP | BEARISH | 07/21/23 | $92.50 | $56.6K | 2.0K | 1.8K |
| DUK | CALL | SWEEP | BEARISH | 07/21/23 | $92.50 | $54.2K | 2.0K | 5.4K |
| DUK | CALL | SWEEP | BEARISH | 07/21/23 | $92.50 | $50.3K | 2.0K | 3.6K |
| DUK | CALL | SWEEP | NEUTRAL | 01/19/24 | $70.00 | $45.3K | 133 | 25 |
Where Is Duke Energy Standing Right Now?
- With a volume of 1,385,346, the price of DUK is down -0.96% at $90.73.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 33 days.
What The Experts Say On Duke Energy:
- B of A Securities has decided to maintain their Buy rating on Duke Energy, which currently sits at a price target of $110.
- BMO Capital has decided to maintain their Outperform rating on Duke Energy, which currently sits at a price target of $101.
- JP Morgan has decided to maintain their Neutral rating on Duke Energy, which currently sits at a price target of $97.
- Citigroup downgraded its action to Buy with a price target of $120
- Goldman Sachs downgraded its action to Neutral with a price target of $99
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 Duke Energy, 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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