High-rolling investors have positioned themselves bullish on Charles Schwab SCHW, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SCHW often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 14 options trades for Charles Schwab. This is not a typical pattern.
The sentiment among these major traders is split, with 64% bullish and 35% bearish. Among all the options we identified, there was one put, amounting to $34,760, and 13 calls, totaling $851,062.
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 $35.0 to $75.0 for Charles Schwab over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Charles Schwab options trades today is 5211.08 with a total volume of 4,538.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Charles Schwab's big money trades within a strike price range of $35.0 to $75.0 over the last 30 days.
Charles Schwab 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 |
|---|---|---|---|---|---|---|---|---|
| SCHW | CALL | TRADE | BULLISH | 04/19/24 | $55.00 | $126.0K | 1.5K | 123 |
| SCHW | CALL | SWEEP | BULLISH | 12/20/24 | $60.00 | $117.5K | 170 | 117 |
| SCHW | CALL | SWEEP | BULLISH | 12/20/24 | $57.50 | $93.5K | 195 | 1 |
| SCHW | CALL | SWEEP | BULLISH | 12/20/24 | $60.00 | $72.3K | 170 | 186 |
| SCHW | CALL | SWEEP | BULLISH | 01/16/26 | $40.00 | $68.1K | 25 | 25 |
About Charles Schwab
Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $7 trillion of client assets at the end of December 2022. Nearly all of its revenue is from the United States.
Having examined the options trading patterns of Charles Schwab, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Charles Schwab
- With a volume of 6,495,657, the price of SCHW is down -1.2% at $62.4.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 44 days.
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 Charles Schwab, 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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