Deep-pocketed investors have adopted a bearish approach towards Bank of Montreal BMO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BMO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Bank of Montreal. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 12% leaning bullish and 87% bearish. Among these notable options, 6 are puts, totaling $407,000, and 2 are calls, amounting to $188,910.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $100.0 for Bank of Montreal over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Bank of Montreal's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bank of Montreal's whale activity within a strike price range from $90.0 to $100.0 in the last 30 days.
Bank of Montreal Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BMO | PUT | SWEEP | BEARISH | 04/19/24 | $100.00 | $132.0K | 7 | 640 |
| BMO | CALL | TRADE | BULLISH | 12/20/24 | $90.00 | $104.0K | 433 | 100 |
| BMO | CALL | SWEEP | BEARISH | 04/19/24 | $100.00 | $84.9K | 6 | 724 |
| BMO | PUT | TRADE | BEARISH | 04/19/24 | $100.00 | $55.0K | 7 | 840 |
| BMO | PUT | TRADE | BEARISH | 04/19/24 | $100.00 | $55.0K | 7 | 740 |
About Bank of Montreal
Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the U.S.
Having examined the options trading patterns of Bank of Montreal, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Bank of Montreal's Current Market Status
- Trading volume stands at 175,222, with BMO's price up by 0.73%, positioned at $94.99.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 5 days.
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 Bank of Montreal with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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