A whale with a lot of money to spend has taken a noticeably bearish stance on Charles Schwab.
Looking at options history for Charles Schwab SCHW we detected 28 strange trades.
If we consider the specifics of each trade, it is accurate to state that 32% of the investors opened trades with bullish expectations and 67% with bearish.
From the overall spotted trades, 17 are puts, for a total amount of $1,563,139 and 11, calls, for a total amount of $375,988.
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 $27.5 to $70.0 for Charles Schwab over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Charles Schwab options trades today is 4097.89 with a total volume of 19,632.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Charles Schwab's big money trades within a strike price range of $27.5 to $70.0 over the last 30 days.
Charles Schwab 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 |
|---|---|---|---|---|---|---|---|---|
| SCHW | PUT | TRADE | BEARISH | 01/19/24 | $50.00 | $588.2K | 8.5K | 2.7K |
| SCHW | PUT | SWEEP | BEARISH | 10/20/23 | $55.00 | $234.6K | 17.7K | 868 |
| SCHW | PUT | SWEEP | BULLISH | 10/06/23 | $54.00 | $166.6K | 1.7K | 1.9K |
| SCHW | PUT | SWEEP | BEARISH | 10/20/23 | $55.00 | $73.0K | 17.7K | 1.2K |
| SCHW | PUT | SWEEP | BULLISH | 01/19/24 | $50.00 | $56.7K | 8.5K | 80 |
Where Is Charles Schwab Standing Right Now?
- With a volume of 6,272,781, the price of SCHW is down -2.2% at $54.13.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 20 days.
What The Experts Say On Charles Schwab:
- Raymond James has decided to maintain their Outperform rating on Charles Schwab, which currently sits at a price target of $72.
- Barclays has decided to maintain their Equal-Weight rating on Charles Schwab, which currently sits at a price target of $64.
- JMP Securities downgraded its action to Market Outperform with a price target of $77
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 Charles Schwab, 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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