A Closer Look at Charles Schwab's Options Market Dynamics

Investors with a lot of money to spend have taken a bullish 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 10 uncommon options trades for Charles Schwab.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $726,601, and 4 are calls, for a total amount of $244,111.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $72.5 for Charles Schwab over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Charles Schwab options trades today is 1679.62 with a total volume of 1,575.00.

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 $50.0 to $72.5 over the last 30 days.

Charles Schwab Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

In light of the recent options history for Charles Schwab, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Charles Schwab

• Trading volume stands at 3,146,800, with SCHW's price down by -0.07%, positioned at $67.0.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 13 days.

Professional Analyst Ratings for Charles Schwab

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $76.5.

• Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Charles Schwab, targeting a price of $82.
• In a cautious move, an analyst from Goldman Sachs downgraded its rating to Neutral, setting a price target of $71.

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 Charles Schwab with Benzinga Pro for real-time alerts.