This Is What Whales Are Betting On Travelers Companies

A whale with a lot of money to spend has taken a noticeably bullish stance on Travelers Companies.

Looking at options history for Travelers Companies TRV 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, 7 are puts, for a total amount of $296,018 and 3, calls, for a total amount of $280,500.

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 $155.0 to $195.0 for Travelers Companies 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 Travelers Companies'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 Travelers Companies's whale activity within a strike price range from $155.0 to $195.0 in the last 30 days.

Travelers Companies Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TRV CALL TRADE BULLISH 01/19/24 $165.00 $114.7K 26 77
TRV CALL TRADE BULLISH 01/19/24 $165.00 $113.2K 26 2
TRV PUT TRADE BULLISH 08/18/23 $175.00 $55.0K 300 0
TRV CALL TRADE BEARISH 07/21/23 $155.00 $52.5K 1 0
TRV PUT TRADE BEARISH 01/19/24 $195.00 $46.7K 10 35

Where Is Travelers Companies Standing Right Now?

  • With a volume of 1,284,788, the price of TRV is down -0.76% at $171.05.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 8 days.

What The Experts Say On Travelers Companies:

  • Piper Sandler has decided to maintain their Neutral rating on Travelers Companies, which currently sits at a price target of $176.
  • Morgan Stanley downgraded its action to Equal-Weight with a price target of $185

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 Travelers Companies, Benzinga Pro gives you real-time options trades alerts.

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TRVThe Travelers Companies Inc
$259.08-%

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