Atmus Filtration Techs Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish approach towards Atmus Filtration Techs ATMU, 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 ATMU 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 Atmus Filtration Techs. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 6 are puts, totaling $1,380,009, and 2 are calls, amounting to $63,475.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $22.5 to $30.0 for Atmus Filtration Techs over the recent three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Atmus Filtration Techs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Atmus Filtration Techs's substantial trades, within a strike price spectrum from $22.5 to $30.0 over the preceding 30 days.

Atmus Filtration Techs Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Atmus Filtration Techs

Atmus Filtration Technologies Inc manufactures filtration products for on-highway commercial vehicles and off-highway agriculture, construction, mining, and power generation vehicles and equipment. It designs and manufactures advanced filtration products, principally under the Fleetguard brand, that enable lower emissions and provide asset protection. It designs, manufactures, and sells filters, coolants, and chemical products. Atmus offers products for first-fit and aftermarket applications including air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, fuel additives, and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.

Following our analysis of the options activities associated with Atmus Filtration Techs, we pivot to a closer look at the company's own performance.

Present Market Standing of Atmus Filtration Techs

• Currently trading with a volume of 6,765,274, the ATMU's price is up by 0.13%, now at $23.16.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 63 days.

What The Experts Say On Atmus Filtration Techs

1 market experts have recently issued ratings for this stock, with a consensus target price of $29.0.

• Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Atmus Filtration Techs with a target price of $29.

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 Atmus Filtration Techs with Benzinga Pro for real-time alerts.