Investors with a lot of money to spend have taken a bullish stance on Mobileye Global MBLY.
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 MBLY, 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 Mobileye Global.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 44%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $161,832, and 6 are calls, for a total amount of $422,540.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $28.0 to $42.0 for Mobileye Global over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Mobileye Global options trades today is 690.43 with a total volume of 1,266.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Mobileye Global's big money trades within a strike price range of $28.0 to $42.0 over the last 30 days.
Mobileye Global 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MBLY | CALL | TRADE | BEARISH | 05/17/24 | $2.45 | $2.4 | $2.4 | $31.00 | $180.0K | 2.2K | 813 |
| MBLY | CALL | SWEEP | NEUTRAL | 01/17/25 | $6.9 | $6.6 | $6.74 | $30.00 | $120.5K | 1.2K | 179 |
| MBLY | PUT | SWEEP | BULLISH | 05/17/24 | $7.1 | $6.9 | $7.0 | $38.00 | $66.5K | 35 | 0 |
| MBLY | PUT | SWEEP | BULLISH | 08/16/24 | $11.2 | $11.0 | $11.0 | $42.00 | $61.6K | 56 | 56 |
| MBLY | CALL | SWEEP | BULLISH | 11/15/24 | $6.6 | $6.4 | $6.53 | $29.00 | $45.4K | 210 | 66 |
About Mobileye Global
Mobileye Global Inc engages in the development and deployment of ADAS and autonomous driving technologies and solutions. It is building a portfolio of end-to-end ADAS and autonomous driving solutions to provide the capabilities needed for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies. Mobileye is the Company's only reportable operating segment. Its solutions comprise Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, Mobileye Drive, Self-Driving System & Vehicles. It also provides data services to Expedite Maintenance Operations with AI-Powered Road Survey Technology.
Having examined the options trading patterns of Mobileye Global, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Mobileye Global Standing Right Now?
- With a volume of 1,625,084, the price of MBLY is up 1.48% at $30.88.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 1 days.
Professional Analyst Ratings for Mobileye Global
In the last month, 2 experts released ratings on this stock with an average target price of $39.5.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Mobileye Global, targeting a price of $38.
- In a positive move, an analyst from Wolfe Research has upgraded their rating to Outperform and adjusted the price target to $41.
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 Mobileye Global 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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