Whales with a lot of money to spend have taken a noticeably bearish stance on Simon Property Group.
Looking at options history for Simon Property Group SPG we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $198,140 and 8, calls, for a total amount of $349,109.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $130.0 for Simon Property Group over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Simon Property Group's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Simon Property Group's significant trades, within a strike price range of $80.0 to $130.0, over the past month.
Simon Property Group 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 |
|---|---|---|---|---|---|---|---|---|
| SPG | PUT | SWEEP | BEARISH | 01/17/25 | $110.00 | $150.0K | 348 | 200 |
| SPG | CALL | TRADE | BULLISH | 01/19/24 | $80.00 | $86.6K | 218 | 20 |
| SPG | CALL | SWEEP | BEARISH | 06/21/24 | $105.00 | $60.5K | 592 | 70 |
| SPG | PUT | SWEEP | BEARISH | 01/17/25 | $130.00 | $48.1K | 41 | 29 |
| SPG | CALL | TRADE | BEARISH | 06/21/24 | $105.00 | $41.4K | 592 | 100 |
About Simon Property Group
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.
Having examined the options trading patterns of Simon Property Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Simon Property Group Standing Right Now?
- Trading volume stands at 417,228, with SPG's price up by 0.87%, positioned at $123.16.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 68 days.
Professional Analyst Ratings for Simon Property Group
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $130.0.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Simon Property Group, targeting a price of $130.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Simon Property Group options trades with real-time alerts from Benzinga Pro.
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