Financial giants have made a conspicuous bearish move on Prologis. Our analysis of options history for Prologis PLD revealed 19 unusual trades.
Delving into the details, we found 26% of traders were bullish, while 73% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $177,221, and 15 were calls, valued at $1,814,331.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $165.0 for Prologis over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Prologis options trades today is 843.42 with a total volume of 2,456.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Prologis's big money trades within a strike price range of $100.0 to $165.0 over the last 30 days.
Prologis Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLD | CALL | TRADE | BULLISH | 12/15/23 | $110.00 | $490.0K | 1.5K | 206 |
| PLD | CALL | SWEEP | BULLISH | 01/19/24 | $115.00 | $409.1K | 1.9K | 225 |
| PLD | CALL | SWEEP | BEARISH | 01/19/24 | $125.00 | $222.6K | 1.0K | 290 |
| PLD | CALL | TRADE | BEARISH | 02/16/24 | $130.00 | $151.9K | 793 | 286 |
| PLD | CALL | TRADE | BEARISH | 01/17/25 | $110.00 | $125.2K | 208 | 40 |
About Prologis
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
In light of the recent options history for Prologis, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Prologis's Current Market Status
- With a volume of 4,606,640, the price of PLD is up 5.32% at $136.12.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 34 days.
Expert Opinions on Prologis
In the last month, 3 experts released ratings on this stock with an average target price of $125.0.
- In a cautious move, an analyst from Stifel downgraded its rating to Buy, setting a price target of $130.
- An analyst from Truist Securities downgraded its action to Buy with a price target of $120.
- An analyst from Mizuho downgraded its action to Neutral with a price target of $125.
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 Prologis, 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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