Humana Unusual Options Activity

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

Looking at options history for Humana HUM we detected 16 strange trades.

If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $636,874 and 9, calls, for a total amount of $2,002,234.

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 $410.0 to $610.0 for Humana 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 Humana'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 Humana's whale trades within a strike price range from $410.0 to $610.0 in the last 30 days.

Humana Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
HUM CALL TRADE BULLISH 11/17/23 $515.00 $846.4K 72 1.6K
HUM CALL TRADE BULLISH 11/17/23 $515.00 $790.5K 72 815
HUM PUT SWEEP BEARISH 01/17/25 $560.00 $216.5K 6 26
HUM CALL SWEEP BULLISH 11/17/23 $510.00 $141.5K 147 122
HUM PUT TRADE NEUTRAL 01/17/25 $540.00 $105.4K 24 33

Where Is Humana Standing Right Now?

  • With a volume of 567,521, the price of HUM is up 0.12% at $493.58.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 35 days.

What The Experts Say On Humana:

  • Cantor Fitzgerald downgraded its action to Overweight with a price target of $597
  • Morgan Stanley has decided to maintain their Overweight rating on Humana, which currently sits at a price target of $624.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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