SL Green Realty Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on SL Green Realty.

Looking at options history for SL Green Realty SLG we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $1,661,851 and 3, calls, for a total amount of $214,665.

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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 $20.0 to $30.0 for SL Green Realty over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for SL Green Realty options trades today is 3437.25 with a total volume of 9,167.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for SL Green Realty's big money trades within a strike price range of $20.0 to $30.0 over the last 30 days.

SL Green Realty Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is SL Green Realty Standing Right Now?

• With a volume of 6,719,911, the price of SLG is down -9.1% at $21.88.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 28 days.

What The Experts Say On SL Green Realty:

• Goldman Sachs downgraded its action to Sell with a price target of $18
• Wells Fargo has decided to maintain their Equal-Weight rating on SL Green Realty, which currently sits at a price target of $26.
• Morgan Stanley has decided to maintain their Equal-Weight rating on SL Green Realty, which currently sits at a price target of $35.
• Piper Sandler has decided to maintain their Neutral rating on SL Green Realty, which currently sits at a price target of $27.

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 SL Green Realty, Benzinga Pro gives you real-time options trades alerts.