Someone with a lot of money to spend has taken a bullish stance on Realty Income O.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with O, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 67 options trades for Realty Income.
This isn't normal.
The overall sentiment of these big-money traders is split between 74% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $32,680, and 66, calls, for a total amount of $2,394,114..
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 $40.0 to $57.5 for Realty Income 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 Realty Income'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 Realty Income's whale trades within a strike price range from $40.0 to $57.5 in the last 30 days.
Realty Income 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 |
|---|---|---|---|---|---|---|---|---|
| O | CALL | SWEEP | BEARISH | 05/17/24 | $40.00 | $68.4K | 12 | 2.3K |
| O | CALL | SWEEP | BULLISH | 05/17/24 | $40.00 | $68.4K | 12 | 2.0K |
| O | CALL | SWEEP | BULLISH | 05/17/24 | $40.00 | $62.7K | 12 | 1.4K |
| O | CALL | SWEEP | BULLISH | 05/17/24 | $40.00 | $59.2K | 12 | 1.9K |
| O | CALL | SWEEP | BEARISH | 05/17/24 | $40.00 | $58.1K | 12 | 2.6K |
Where Is Realty Income Standing Right Now?
- With a volume of 2,817,830, the price of O is down -0.14% at $50.67.
- 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 Realty Income:
- Wells Fargo downgraded its action to Equal-Weight with a price target of $59
- B of A Securities downgraded its action to Neutral with a price target of $52
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 Realty Income, 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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