Deep-pocketed investors have adopted a bullish approach towards Charles Schwab SCHW, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SCHW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 36 extraordinary options activities for Charles Schwab. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 11 are puts, totaling $642,676, and 25 are calls, amounting to $2,179,100.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $70.0 for Charles Schwab during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Charles Schwab's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Charles Schwab's substantial trades, within a strike price spectrum from $30.0 to $70.0 over the preceding 30 days.
Charles Schwab Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SCHW | CALL | TRADE | BULLISH | 12/15/23 | $45.00 | $550.0K | 1.6K | 1.2K |
| SCHW | CALL | TRADE | BEARISH | 12/15/23 | $50.00 | $212.0K | 952 | 406 |
| SCHW | PUT | TRADE | BULLISH | 06/21/24 | $67.50 | $129.0K | 1.9K | 0 |
| SCHW | CALL | TRADE | BULLISH | 12/15/23 | $45.00 | $110.2K | 1.6K | 605 |
| SCHW | CALL | TRADE | BEARISH | 12/15/23 | $45.00 | $105.7K | 1.6K | 735 |
About Charles Schwab
Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $7 trillion of client assets at the end of December 2022. Nearly all of its revenue is from the United States.
In light of the recent options history for Charles Schwab, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Charles Schwab's Current Market Status
- With a volume of 10,283,102, the price of SCHW is up 3.09% at $55.63.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 64 days.
What Analysts Are Saying About Charles Schwab
In the last month, 4 experts released ratings on this stock with an average target price of $73.75.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Charles Schwab, targeting a price of $57.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Charles Schwab, targeting a price of $85.
- An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $77.
- An analyst from Raymond James persists with their Outperform rating on Charles Schwab, maintaining a target price of $76.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Charles Schwab with Benzinga Pro for real-time alerts.
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