Check Out What Whales Are Doing With RIO

Financial giants have made a conspicuous bearish move on Rio Tinto. Our analysis of options history for Rio Tinto RIO revealed 10 unusual trades.

Delving into the details, we found 10% of traders were bullish, while 90% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $295,030, and 4 were calls, valued at $217,130.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $79.38 for Rio Tinto, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Rio Tinto's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Rio Tinto's substantial trades, within a strike price spectrum from $65.0 to $79.38 over the preceding 30 days.

Rio Tinto 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Rio Tinto

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

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

Current Position of Rio Tinto

• With a trading volume of 882,776, the price of RIO is up by 0.27%, reaching $74.2.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 60 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 Rio Tinto, Benzinga Pro gives you real-time options trades alerts.