Someone with a lot of money to spend has taken a bullish stance on Humana HUM.
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 HUM, 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 Humana.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $77,687, and 12 are calls, for a total amount of $746,122.
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 $440.0 to $500.0 for Humana over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Humana options trades today is 237.78 with a total volume of 1,070.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Humana's big money trades within a strike price range of $440.0 to $500.0 over the last 30 days.
Humana Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HUM | CALL | TRADE | BEARISH | 08/18/23 | $460.00 | $148.0K | 839 | 47 |
| HUM | CALL | TRADE | BULLISH | 06/21/24 | $490.00 | $125.5K | 95 | 42 |
| HUM | CALL | SWEEP | BULLISH | 06/21/24 | $440.00 | $103.4K | 22 | 12 |
| HUM | CALL | TRADE | BULLISH | 06/21/24 | $490.00 | $67.1K | 95 | 13 |
| HUM | CALL | SWEEP | BULLISH | 06/21/24 | $490.00 | $46.8K | 95 | 42 |
Where Is Humana Standing Right Now?
- With a volume of 461,878, the price of HUM is up 0.93% at $497.96.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 83 days.
What The Experts Say On Humana:
- RBC Capital has decided to maintain their Outperform rating on Humana, which currently sits at a price target of $594.
- Wells Fargo has decided to maintain their Overweight rating on Humana, which currently sits at a price target of $541.
- Bernstein has decided to maintain their Market Perform rating on Humana, which currently sits at a price target of $599.
- Truist Securities has decided to maintain their Hold rating on Humana, which currently sits at a price target of $550.
- Morgan Stanley downgraded its action to Overweight with a price target of $637
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 Humana, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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