High-rolling investors have positioned themselves bullish on Scorpio Tankers STNG, 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 STNG often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 14 options trades for Scorpio Tankers. This is not a typical pattern.
The sentiment among these major traders is split, with 71% bullish and 28% bearish. Among all the options we identified, there was one put, amounting to $48,794, and 13 calls, totaling $1,011,593.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $80.0 for Scorpio Tankers over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Scorpio Tankers stands at 1636.1, with a total volume reaching 4,886.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Scorpio Tankers, situated within the strike price corridor from $55.0 to $80.0, throughout the last 30 days.
Scorpio Tankers 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| STNG | CALL | SWEEP | BULLISH | 04/19/24 | $65.00 | $196.7K | 2.5K | 606 |
| STNG | CALL | TRADE | BULLISH | 01/17/25 | $65.00 | $130.5K | 3.1K | 200 |
| STNG | CALL | TRADE | BULLISH | 01/17/25 | $65.00 | $130.0K | 3.1K | 100 |
| STNG | CALL | SWEEP | BULLISH | 01/26/24 | $70.00 | $92.6K | 14 | 667 |
| STNG | CALL | SWEEP | BULLISH | 01/19/24 | $69.00 | $91.8K | 225 | 1.5K |
About Scorpio Tankers
Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.
In light of the recent options history for Scorpio Tankers, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Scorpio Tankers
- With a volume of 879,628, the price of STNG is up 0.57% at $65.23.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 42 days.
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 Scorpio Tankers, 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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