Pure Storage Unusual Options Activity For August 21

A whale with a lot of money to spend has taken a noticeably bullish stance on Pure Storage.

Looking at options history for Pure Storage PSTG we detected 37 strange trades.

If we consider the specifics of each trade, it is accurate to state that 59% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $89,070 and 34, calls, for a total amount of $1,076,551.

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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 $28.0 to $40.0 for Pure Storage 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 Pure Storage'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 Pure Storage's whale activity within a strike price range from $28.0 to $40.0 in the last 30 days.

Pure Storage Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Pure Storage Standing Right Now?

• With a volume of 1,722,411, the price of PSTG is up 0.9% at $37.15.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 9 days.

What The Experts Say On Pure Storage:

• Keybanc has decided to maintain their Overweight rating on Pure Storage, which currently sits at a price target of $44.

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