Someone with a lot of money to spend has taken a bullish stance on Moderna MRNA.
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 MRNA, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Moderna.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $328,842, and 3 are calls, for a total amount of $420,568.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $135.0 for Moderna during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Moderna options trades today is 777.75 with a total volume of 1,800.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Moderna's big money trades within a strike price range of $70.0 to $135.0 over the last 30 days.
Moderna Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MRNA | CALL | TRADE | BULLISH | 01/17/25 | $100.00 | $202.0K | 932 | 1 |
| MRNA | CALL | TRADE | BULLISH | 01/19/24 | $70.00 | $175.2K | 465 | 0 |
| MRNA | PUT | TRADE | BULLISH | 07/19/24 | $135.00 | $76.2K | 373 | 0 |
| MRNA | PUT | SWEEP | BEARISH | 11/17/23 | $75.00 | $62.3K | 1.4K | 216 |
| MRNA | PUT | SWEEP | BEARISH | 11/17/23 | $70.00 | $51.0K | 1.8K | 871 |
Present Market Standing of Moderna
- Currently trading with a volume of 892,421, the MRNA's price has down by -3.21%, now at $71.3. RSI readings suggest the stock is currently may be oversold. Anticipated earnings release is in 106 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Moderna options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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