Looking At Global Payments's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Global Payments GPN.

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 GPN, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 14 options trades for Global Payments.

This isn't normal.

The overall sentiment of these big-money traders is split between 71% bullish and 28%, bearish.

Out of all of the options we uncovered, 13 are puts, for a total amount of $379,955, and there was 1 call, for a total amount of $31,500.

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 $100.0 to $130.0 for Global Payments over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Global Payments'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 Global Payments's whale activity within a strike price range from $100.0 to $130.0 in the last 30 days.

Global Payments Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Global Payments Standing Right Now?

• With a volume of 1,870,617, the price of GPN is up 0.46% at $103.36.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 90 days.

What The Experts Say On Global Payments:

• Susquehanna has decided to maintain their Positive rating on Global Payments, which currently sits at a price target of $210.
• Truist Securities has decided to maintain their Buy rating on Global Payments, which currently sits at a price target of $130.
• Morgan Stanley has decided to maintain their Equal-Weight rating on Global Payments, which currently sits at a price target of $128.
• Raymond James has decided to maintain their Outperform rating on Global Payments, which currently sits at a price target of $158.
• Raymond James has decided to maintain their Outperform rating on Global Payments, which currently sits at a price target of $160.

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 Global Payments, Benzinga Pro gives you real-time options trades alerts.