Deep-pocketed investors have adopted a bearish approach towards Innovative Ind Props IIPR, 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 IIPR 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 Innovative Ind Props. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 6 are puts, totaling $235,720, and 2 are calls, amounting to $78,500.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $105.0 for Innovative Ind Props over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Innovative Ind Props'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 Innovative Ind Props's whale trades within a strike price range from $100.0 to $105.0 in the last 30 days.
Innovative Ind Props 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| IIPR | PUT | SWEEP | BEARISH | 12/20/24 | $100.00 | $52.0K | 182 | 50 |
| IIPR | PUT | SWEEP | BULLISH | 12/20/24 | $100.00 | $50.8K | 182 | 100 |
| IIPR | CALL | SWEEP | BULLISH | 12/20/24 | $105.00 | $39.5K | 113 | 0 |
| IIPR | CALL | TRADE | BEARISH | 12/20/24 | $105.00 | $39.0K | 113 | 100 |
| IIPR | PUT | SWEEP | BEARISH | 12/20/24 | $100.00 | $37.7K | 182 | 150 |
About Innovative Ind Props
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
Innovative Ind Props's Current Market Status
- With a volume of 198,163, the price of IIPR is up 0.48% at $99.93.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 46 days.
What Analysts Are Saying About Innovative Ind Props
2 market experts have recently issued ratings for this stock, with a consensus target price of $101.5.
- Consistent in their evaluation, an analyst from Craig-Hallum keeps a Hold rating on Innovative Ind Props with a target price of $100.
- An analyst from Piper Sandler has decided to maintain their Neutral rating on Innovative Ind Props, which currently sits at a price target of $103.
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 Innovative Ind Props with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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