Mobileye Global Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Mobileye Global MBLY.

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

So how do we know what this whale just did?

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

This isn't normal.

The overall sentiment of these big-money traders is split between 35% bullish and 64%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $108,700, and 11 are calls, for a total amount of $585,307.

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 $30.0 to $50.0 for Mobileye Global 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 Mobileye Global'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 Mobileye Global's whale trades within a strike price range from $30.0 to $50.0 in the last 30 days.

Mobileye Global Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Mobileye Global Standing Right Now?

• With a volume of 6,477,191, the price of MBLY is down -6.26% at $40.8.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 68 days.

What The Experts Say On Mobileye Global:

• Wells Fargo downgraded its action to Overweight with a price target of $50
• Baird has decided to maintain their Outperform rating on Mobileye Global, which currently sits at a price target of $50.
• Mizuho has decided to maintain their Buy rating on Mobileye Global, which currently sits at a price target of $43.
• RBC Capital downgraded its action to Outperform with a price target of $42
• Canaccord Genuity downgraded its action to Buy with a price target of $50

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