Whales with a lot of money to spend have taken a noticeably bullish stance on Charles Schwab.
Looking at options history for Charles Schwab SCHW we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 20% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $121,014 and 7, calls, for a total amount of $262,942.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $75.0 for Charles Schwab, spanning the last three months.
Volume & Open Interest Trends
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 $25.0 to $75.0, over the past month.
Charles Schwab Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SCHW | PUT | TRADE | BULLISH | 01/17/25 | $75.00 | $60.4K | 2.8K | 109 |
| SCHW | CALL | SWEEP | BULLISH | 04/19/24 | $62.50 | $46.7K | 2.9K | 0 |
| SCHW | CALL | SWEEP | BULLISH | 06/20/25 | $25.00 | $43.5K | 7 | 12 |
| SCHW | CALL | TRADE | BEARISH | 12/20/24 | $27.50 | $41.2K | 2 | 10 |
| SCHW | CALL | TRADE | NEUTRAL | 06/21/24 | $65.00 | $38.8K | 5.1K | 63 |
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.
Current Position of Charles Schwab
- Currently trading with a volume of 3,519,618, the SCHW's price is down by -0.77%, now at $67.12.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 41 days.
What The Experts Say On Charles Schwab
1 market experts have recently issued ratings for this stock, with a consensus target price of $68.0.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Charles Schwab with a target price of $68.
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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