Investors with a lot of money to spend have taken a bearish stance on Charles Schwab SCHW.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SCHW, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Charles Schwab.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $207,010, and 9 are calls, for a total amount of $325,140.
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 $50.0 to $70.0 for Charles Schwab over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Charles Schwab's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Charles Schwab's substantial trades, within a strike price spectrum from $50.0 to $70.0 over the preceding 30 days.
Charles Schwab Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SCHW | PUT | TRADE | BEARISH | 03/15/24 | $60.00 | $180.0K | 781 | 1.0K |
| SCHW | CALL | TRADE | BEARISH | 06/21/24 | $50.00 | $81.9K | 1.1K | 50 |
| SCHW | CALL | TRADE | BEARISH | 12/29/23 | $63.00 | $42.0K | 760 | 342 |
| SCHW | CALL | TRADE | BEARISH | 06/21/24 | $65.00 | $32.7K | 5.4K | 116 |
| SCHW | CALL | TRADE | BULLISH | 12/29/23 | $59.00 | $30.2K | 254 | 102 |
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.
Where Is Charles Schwab Standing Right Now?
- With a trading volume of 5,769,959, the price of SCHW is up by 0.39%, reaching $64.82.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 35 days from now.
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 Charles Schwab options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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