Check Out What Whales Are Doing With SGEN

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

Looking at options history for Seagen SGEN we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $1,184,014 and 6, calls, for a total amount of $940,570.

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 $210.0 for Seagen over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Seagen options trades today is 1161.8 with a total volume of 22,317.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Seagen's big money trades within a strike price range of $155.0 to $210.0 over the last 30 days.

Seagen 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
SGEN PUT TRADE BEARISH 12/15/23 $155.00 $620.0K 365 2.0K
SGEN CALL TRADE NEUTRAL 10/20/23 $210.00 $500.0K 2.8K 1.0K
SGEN PUT TRADE BULLISH 10/20/23 $200.00 $268.7K 2.4K 2.3K
SGEN CALL TRADE BEARISH 10/20/23 $210.00 $250.0K 2.8K 1.5K
SGEN PUT SWEEP BULLISH 10/20/23 $200.00 $149.2K 2.4K 1.7K

Where Is Seagen Standing Right Now?

  • With a volume of 396,341, the price of SGEN is up 0.47% at $206.91.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 42 days.

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

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