Simon Property Group Unusual Options Activity For December 21

Whales with a lot of money to spend have taken a noticeably bearish stance on Simon Property Group.

Looking at options history for Simon Property Group SPG we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $300,440 and 4, calls, for a total amount of $183,510.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $155.0 for Simon Property Group over the recent three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Simon Property Group's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Simon Property Group's substantial trades, within a strike price spectrum from $125.0 to $155.0 over the preceding 30 days.

Simon Property Group Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Simon Property Group

Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.

After a thorough review of the options trading surrounding Simon Property Group, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Simon Property Group Standing Right Now?

• Currently trading with a volume of 1,128,884, the SPG's price is up by 0.22%, now at $144.42.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 46 days.

Expert Opinions on Simon Property Group

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $151.0.

• Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Simon Property Group, targeting a price of $128.
• Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Simon Property Group with a target price of $172.
• In a cautious move, an analyst from Morgan Stanley downgraded its rating to Equal-Weight, setting a price target of $143.
• An analyst from Goldman Sachs has decided to maintain their Buy rating on Simon Property Group, which currently sits at a price target of $161.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Simon Property Group options trades with real-time alerts from Benzinga Pro.