Investors with significant funds have taken a bullish position in Moody's MCO, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in MCO usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 10 options transactions for Moody's. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 80% being bullish and 20% bearish. Of all the options we discovered, 9 are puts, valued at $482,320, and there was a single call, worth $56,406.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $350.0 to $400.0 for Moody's over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Moody's's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Moody's's significant trades, within a strike price range of $350.0 to $400.0, over the past month.
Moody's Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MCO | PUT | TRADE | BULLISH | 12/15/23 | $360.00 | $94.5K | 75 | 1.0K |
| MCO | PUT | SWEEP | BULLISH | 12/15/23 | $360.00 | $73.7K | 75 | 162 |
| MCO | PUT | SWEEP | BEARISH | 12/15/23 | $360.00 | $69.4K | 75 | 691 |
| MCO | CALL | SWEEP | BULLISH | 05/17/24 | $400.00 | $56.4K | 20 | 60 |
| MCO | PUT | TRADE | BULLISH | 12/15/23 | $360.00 | $47.0K | 75 | 560 |
About Moody's
Moody's, along with S&P Ratings, is a leading provider of credit ratings on fixed income securities. Moody's ratings segment, known as Moody's Investors Service or MIS, includes corporates, structured finance, financial institutions, and public finance ratings. MIS represents a majority of the firm's revenue and profits. Moody's other segment is Moody's Analytics and consists of Research, Data, and Analytics or RD&A and Enterprise Risk Solutions or ERS. RD&A's products include credit research, quantitative credit scores, economic research, business intelligence, know your customer (KYC) tools, commercial real estate data and analytical tools, and training services. ERS includes risk management software solutions to financial institutions.
Having examined the options trading patterns of Moody's, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Moody's
- Currently trading with a volume of 371,169, the MCO's price is down by -0.24%, now at $361.52.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 64 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Moody's with Benzinga Pro for real-time alerts.
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