Investors with significant funds have taken a bullish position in Logitech International LOGI, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in LOGI usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 10 options transactions for Logitech International. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 60% being bullish and 40% bearish. Of all the options we discovered, 9 are puts, valued at $506,153, and there was a single call, worth $37,170.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $97.5 for Logitech International during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Logitech International options trades today is 91.0 with a total volume of 796.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Logitech International's big money trades within a strike price range of $80.0 to $97.5 over the last 30 days.
Logitech International 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 |
|---|---|---|---|---|---|---|---|---|
| LOGI | PUT | TRADE | BULLISH | 09/20/24 | $97.50 | $107.9K | 0 | 85 |
| LOGI | PUT | TRADE | BULLISH | 09/20/24 | $90.00 | $71.4K | 37 | 50 |
| LOGI | PUT | TRADE | BULLISH | 09/20/24 | $80.00 | $70.9K | 58 | 165 |
| LOGI | PUT | TRADE | BULLISH | 09/20/24 | $90.00 | $70.5K | 37 | 135 |
| LOGI | PUT | SWEEP | BULLISH | 01/16/26 | $92.50 | $55.8K | 5 | 38 |
About Logitech International
Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland. The company specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and music-related products such as wireless speakers.
Having examined the options trading patterns of Logitech International, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Logitech International Standing Right Now?
- With a trading volume of 311,302, the price of LOGI is up by 3.15%, reaching $87.53.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 96 days from now.
Expert Opinions on Logitech International
In the last month, 3 experts released ratings on this stock with an average target price of $90.66666666666667.
- An analyst from Wedbush persists with their Neutral rating on Logitech International, maintaining a target price of $92.
- Consistent in their evaluation, an analyst from Wedbush keeps a Neutral rating on Logitech International with a target price of $90.
- An analyst from Wedbush downgraded its action to Neutral with a price target of $90.
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 Logitech International, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
