Check Out What Whales Are Doing With OCGN

Someone with a lot of money to spend (and possibly insider knowledge) has taken a bearish stance on Ocugen OCGN.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with OCGN, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 35 options trades for Ocugen.

This isn't normal.

The overall sentiment of these big-money traders is split between 40.0% bullish and 60.0%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $47,600, and 34, calls, for a total amount of $2,022,965..

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $30.0 for Ocugen over the last 3 months.

Volume & Open Interest Development

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 Ocugen'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 Ocugen's whale trades within a strike price range from $5.0 to $30.0 in the last 30 days.

Ocugen Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
OCGN CALL SWEEP BULLISH 01/21/22 $15.00 $255.6K 5.7K 4
OCGN CALL TRADE BULLISH 11/05/21 $11.50 $255.0K 2.3K 1.4K
OCGN CALL TRADE BULLISH 01/21/22 $7.50 $185.0K 7.9K 1.4K
OCGN CALL SWEEP BEARISH 01/21/22 $30.00 $149.4K 8.9K 971
OCGN CALL TRADE BEARISH 11/19/21 $17.50 $75.6K 825 309

Where Is Ocugen Standing Right Now?

  • With a volume of 70,309,839, the price of OCGN is up 12.23% at $15.69.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 14 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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!