A whale with a lot of money to spend has taken a noticeably bullish stance on Realty Income.
Looking at options history for Realty Income O we detected 10 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 $208,432 and 4, calls, for a total amount of $266,870.
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 $60.0 for Realty Income 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 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 activity within a strike price range from $40.0 to $60.0 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 | TRADE | BEARISH | 03/15/24 | $40.00 | $98.3K | 29 | 120 |
| O | CALL | TRADE | NEUTRAL | 03/15/24 | $40.00 | $97.2K | 29 | 120 |
| O | PUT | TRADE | BULLISH | 05/17/24 | $57.50 | $50.8K | 284 | 50 |
| O | PUT | SWEEP | BULLISH | 12/15/23 | $52.50 | $46.0K | 1.6K | 110 |
| O | CALL | TRADE | BULLISH | 01/17/25 | $50.00 | $38.1K | 798 | 0 |
Ready to win big? Discover the #1 strategy for trading options in today's unpredictable market... with potential gains of 44%, 125% and even 411% every month on average. Starting at only $1 a day. Click here now.
Where Is Realty Income Standing Right Now?
- With a volume of 3,356,446, the price of O is up 0.36% at $47.55.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 5 days.
What The Experts Say On Realty Income:
- B of A Securities downgraded its action to Neutral with a price target of $52
- Mizuho has decided to maintain their Neutral rating on Realty Income, which currently sits at a price target of $48.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
