A whale with a lot of money to spend has taken a noticeably bearish stance on Capital One Finl.
Looking at options history for Capital One Finl COF we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $266,790 and 5, calls, for a total amount of $415,376.
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 $75.0 to $120.0 for Capital One Finl over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Capital One Finl options trades today is 905.3 with a total volume of 398.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Capital One Finl's big money trades within a strike price range of $75.0 to $120.0 over the last 30 days.
Capital One Finl 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 |
|---|---|---|---|---|---|---|---|---|
| COF | CALL | TRADE | BULLISH | 01/19/24 | $75.00 | $133.0K | 147 | 0 |
| COF | CALL | SWEEP | BEARISH | 01/17/25 | $100.00 | $114.8K | 301 | 0 |
| COF | PUT | SWEEP | BEARISH | 11/10/23 | $102.00 | $107.5K | 13 | 0 |
| COF | CALL | SWEEP | NEUTRAL | 01/19/24 | $85.00 | $77.4K | 74 | 50 |
| COF | PUT | SWEEP | NEUTRAL | 01/19/24 | $97.50 | $54.0K | 1.8K | 21 |
Where Is Capital One Finl Standing Right Now?
- With a volume of 2,232,716, the price of COF is up 0.98% at $98.7.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 85 days.
What The Experts Say On Capital One Finl:
- Morgan Stanley has decided to maintain their Underweight rating on Capital One Finl, which currently sits at a price target of $86.
- JP Morgan has decided to maintain their Overweight rating on Capital One Finl, which currently sits at a price target of $109.
- Citigroup has decided to maintain their Buy rating on Capital One Finl, which currently sits at a price target of $126.
- Piper Sandler has decided to maintain their Neutral rating on Capital One Finl, which currently sits at a price target of $109.
- HSBC downgraded its action to Reduce with a price target of $84
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 Capital One Finl, 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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