Investors with a lot of money to spend have taken a bullish stance on CBRE Group CBRE.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CBRE, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for CBRE Group.
This isn't normal.
The overall sentiment of these big-money traders is split between 77% bullish and 22%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $139,959, and 7 are calls, for a total amount of $617,496.
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 $85.0 to $92.5 for CBRE Group over the last 3 months.
Analyzing 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 CBRE Group'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 CBRE Group's whale trades within a strike price range from $85.0 to $92.5 in the last 30 days.
CBRE Group Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CBRE | CALL | SWEEP | BULLISH | 05/17/24 | $1.55 | $1.3 | $1.47 | $90.00 | $296.2K | 9 | 2.3K |
| CBRE | CALL | SWEEP | BULLISH | 06/21/24 | $2.75 | $2.65 | $2.7 | $90.00 | $98.8K | 274 | 723 |
| CBRE | PUT | SWEEP | BEARISH | 05/17/24 | $3.2 | $3.0 | $3.1 | $85.00 | $76.2K | 138 | 281 |
| CBRE | PUT | SWEEP | BEARISH | 05/17/24 | $3.6 | $3.2 | $3.2 | $85.00 | $63.6K | 138 | 480 |
| CBRE | CALL | SWEEP | BULLISH | 06/21/24 | $2.6 | $2.55 | $2.6 | $90.00 | $60.0K | 274 | 376 |
About CBRE Group
CBRE Group provides a wide range of real estate services to owners, occupants, and investors worldwide, including leasing, property and project management, and capital markets advisory. Additionally, CBRE's investment management arm manages over $140 billion for clients across diverse public and private real estate strategies.
Having examined the options trading patterns of CBRE Group, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of CBRE Group
- With a volume of 1,389,858, the price of CBRE is down -0.42% at $85.14.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 16 days.
Professional Analyst Ratings for CBRE Group
In the last month, 2 experts released ratings on this stock with an average target price of $105.5.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on CBRE Group with a target price of $104.
- An analyst from Jefferies has revised its rating downward to Hold, adjusting the price target to $107.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for CBRE Group, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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