Deep-pocketed investors have adopted a bearish approach towards Globe Life (NYSE:GL), 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 GL usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 21 extraordinary options activities for Globe Life. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 28% leaning bullish and 71% bearish. Among these notable options, 11 are puts, totaling $632,819, and 10 are calls, amounting to $609,786.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $95.0 for Globe Life, spanning the last three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Globe Life options trades today is 875.11 with a total volume of 3,523.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Globe Life's big money trades within a strike price range of $35.0 to $95.0 over the last 30 days.

Globe Life 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Globe Life

Globe Life's Current Market Status

• Currently trading with a volume of 2,139,050, the GL's price is down by -3.27%, now at $57.16.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 7 days.

What Analysts Are Saying About Globe Life

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $118.4.

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 Globe Life with Benzinga Pro for real-time alerts.