High-rolling investors have positioned themselves bearish on Opera OPRA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in OPRA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Opera. This is not a typical pattern.
The sentiment among these major traders is split, with 12% bullish and 87% bearish. Among all the options we identified, there was one put, amounting to $28,017, and 7 calls, totaling $430,840.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $15.0 for Opera, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Opera's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Opera's whale trades within a strike price range from $10.0 to $15.0 in the last 30 days.
Opera Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| OPRA | CALL | TRADE | BEARISH | 04/19/24 | $10.00 | $124.0K | 1.5K | 1.5K |
| OPRA | CALL | TRADE | BULLISH | 04/19/24 | $10.00 | $96.0K | 1.5K | 708 |
| OPRA | CALL | SWEEP | BEARISH | 04/19/24 | $10.00 | $64.0K | 1.5K | 508 |
| OPRA | CALL | SWEEP | BEARISH | 04/19/24 | $10.00 | $51.8K | 1.5K | 270 |
| OPRA | CALL | SWEEP | BEARISH | 04/19/24 | $10.00 | $32.0K | 1.5K | 408 |
About Opera
Opera Ltd is a global internet brand with a large, engaged and growing base. It offers users around the globe a range of products and services that include a variety of PC and mobile browsers, Opera Gaming portals and development tools, Opera News content recommendation products, and a number of e-commerce products and services. Its features include tabbed browsing, data savings, PC/mobile sync, and numerous features focused on privacy and security, including ad blocking and a built-in VPN. Its browser products include Opera Mini, Opera Browser for Android and iOS, Opera for Computers, Opera GX and Opera GX Mobile, separate browsers tailored for gamers. The newest addition of browsers is the beta release of a Web3-centric browser for PC and mobile which is tailored for crypto enthusiasts.
Having examined the options trading patterns of Opera, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Opera Standing Right Now?
- With a trading volume of 1,550,842, the price of OPRA is up by 7.27%, reaching $13.28.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 74 days from now.
Expert Opinions on Opera
In the last month, 1 experts released ratings on this stock with an average target price of $16.5.
- Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Buy with a new price target of $16.
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 Opera with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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