Whales with a lot of money to spend have taken a noticeably bullish stance on Charles Schwab.
Looking at options history for Charles Schwab SCHW we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $408,930 and 6, calls, for a total amount of $500,637.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $65.0 for Charles Schwab, spanning the last three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Charles Schwab's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Charles Schwab's significant trades, within a strike price range of $45.0 to $65.0, over the past month.
Charles Schwab 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SCHW | PUT | TRADE | BEARISH | 12/15/23 | $60.00 | $246.0K | 1.4K | 2.1K |
| SCHW | CALL | SWEEP | BULLISH | 06/21/24 | $52.50 | $188.4K | 580 | 2 |
| SCHW | CALL | SWEEP | BULLISH | 07/19/24 | $52.50 | $110.0K | 152 | 92 |
| SCHW | CALL | SWEEP | BULLISH | 01/19/24 | $57.50 | $68.7K | 8.6K | 197 |
| SCHW | CALL | SWEEP | BULLISH | 12/15/23 | $55.00 | $64.6K | 3.7K | 157 |
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.
Current Position of Charles Schwab
- With a volume of 6,394,996, the price of SCHW is up 2.26% at $60.95.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 48 days.
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 Charles Schwab, 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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