High-rolling investors have positioned themselves bullish on Futu Hldgs FUTU, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FUTU often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 17 options trades for Futu Hldgs. This is not a typical pattern.
The sentiment among these major traders is split, with 76% bullish and 23% bearish. Among all the options we identified, there was one put, amounting to $63,910, and 16 calls, totaling $1,639,512.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $95.0 for Futu Hldgs over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Futu Hldgs stands at 1230.91, with a total volume reaching 3,414.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Futu Hldgs, situated within the strike price corridor from $50.0 to $95.0, throughout the last 30 days.
Futu Hldgs 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FUTU | CALL | SWEEP | BEARISH | 04/26/24 | $11.4 | $9.95 | $11.0 | $54.00 | $440.0K | 1.6K | 490 |
| FUTU | CALL | SWEEP | BEARISH | 04/26/24 | $12.45 | $11.0 | $11.0 | $54.00 | $289.3K | 1.6K | 127 |
| FUTU | CALL | TRADE | BULLISH | 06/21/24 | $15.7 | $15.2 | $15.7 | $50.00 | $149.1K | 4.2K | 316 |
| FUTU | CALL | SWEEP | BEARISH | 04/26/24 | $12.35 | $11.0 | $11.0 | $54.00 | $111.1K | 1.6K | 0 |
| FUTU | CALL | SWEEP | BEARISH | 04/26/24 | $12.9 | $11.0 | $11.0 | $54.00 | $110.0K | 1.6K | 390 |
About Futu Hldgs
Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services.
Following our analysis of the options activities associated with Futu Hldgs, we pivot to a closer look at the company's own performance.
Where Is Futu Hldgs Standing Right Now?
- Trading volume stands at 2,410,645, with FUTU's price up by 1.71%, positioned at $62.99.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 28 days.
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 Futu Hldgs, 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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