Benzinga's options scanner just detected over 14 options trades for Abbott Laboratories ABT summing a total amount of $728,380.
At the same time, our algo caught 5 for a total amount of 280,465.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $130.0 for Abbott Laboratories over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Abbott Laboratories options trades today is 1768.0 with a total volume of 4,869.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Abbott Laboratories's big money trades within a strike price range of $85.0 to $130.0 over the last 30 days.
Abbott Laboratories 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ABT | PUT | TRADE | BULLISH | 02/16/24 | $125.00 | $109.0K | 0 | 53 |
| ABT | CALL | SWEEP | BULLISH | 01/17/25 | $120.00 | $99.3K | 2.4K | 225 |
| ABT | CALL | SWEEP | BULLISH | 12/15/23 | $100.00 | $74.7K | 6.5K | 6 |
| ABT | CALL | SWEEP | BULLISH | 12/15/23 | $100.00 | $61.6K | 6.5K | 869 |
| ABT | CALL | SWEEP | BULLISH | 12/15/23 | $100.00 | $55.0K | 6.5K | 203 |
About Abbott Laboratories
Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, molecular diagnostic platforms, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.
After a thorough review of the options trading surrounding Abbott Laboratories, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Abbott Laboratories's Current Market Status
- With a trading volume of 3,484,109, the price of ABT is down by -0.22%, reaching $103.4.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 55 days from now.
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 Abbott Laboratories, 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.
