Financial giants have made a conspicuous bearish move on Charles Schwab. Our analysis of options history for Charles Schwab SCHW revealed 18 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $252,610, and 11 were calls, valued at $672,687.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $57.5 to $80.0 for Charles Schwab 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 Charles Schwab's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Charles Schwab's significant trades, within a strike price range of $57.5 to $80.0, over the past month.
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 | SWEEP | BULLISH | 01/19/24 | $65.00 | $124.7K | 23.0K | 654 |
| SCHW | CALL | SWEEP | BULLISH | 01/19/24 | $65.00 | $106.5K | 23.0K | 1.3K |
| SCHW | CALL | SWEEP | BULLISH | 01/19/24 | $65.00 | $83.4K | 23.0K | 889 |
| SCHW | CALL | SWEEP | BEARISH | 07/19/24 | $72.50 | $74.4K | 266 | 186 |
| SCHW | CALL | SWEEP | BULLISH | 01/19/24 | $65.00 | $72.7K | 23.0K | 232 |
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 2,519,870, with SCHW's price up by 0.39%, positioned at $67.49.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 14 days.
Expert Opinions on Charles Schwab
In the last month, 3 experts released ratings on this stock with an average target price of $76.66666666666667.
- Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Neutral with a new price target of $71.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Charles Schwab with a target price of $82.
- An analyst from TD Cowen has revised its rating downward to Market Perform, adjusting the price target to $77.
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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