argenx Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on argenx ARGX.

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 ARGX, 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 12 uncommon options trades for argenx.

This isn't normal.

The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $201,738, and 9 are calls, for a total amount of $671,139.

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 $420.0 to $650.0 for argenx over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for argenx options trades today is 216.38 with a total volume of 354.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for argenx's big money trades within a strike price range of $420.0 to $650.0 over the last 30 days.

argenx Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is argenx Standing Right Now?

• With a volume of 359,217, the price of ARGX is up 2.58% at $548.77.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 6 days.

What The Experts Say On argenx:

• Citigroup has decided to maintain their Buy rating on argenx, which currently sits at a price target of $592.
• Raymond James has decided to maintain their Strong Buy rating on argenx, which currently sits at a price target of $600.
• HC Wainwright & Co. downgraded its action to Buy with a price target of $494
• Morgan Stanley has decided to maintain their Overweight rating on argenx, which currently sits at a price target of $602.
• Evercore ISI Group downgraded its action to Outperform with a price target of $436

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