Investors with a lot of money to spend have taken a bearish stance on Capital One Finl COF.
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 COF, 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 11 uncommon options trades for Capital One Finl.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 54%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $120,000, and 9 are calls, for a total amount of $428,506.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $160.0 for Capital One Finl, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Capital One Finl stands at 352.29, with a total volume reaching 996.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Capital One Finl, situated within the strike price corridor from $135.0 to $160.0, throughout the last 30 days.
Capital One Finl 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COF | CALL | TRADE | NEUTRAL | 01/17/25 | $15.3 | $14.5 | $14.9 | $150.00 | $74.5K | 1.0K | 50 |
| COF | CALL | SWEEP | BEARISH | 01/17/25 | $15.3 | $14.8 | $14.8 | $150.00 | $74.0K | 1.0K | 200 |
| COF | CALL | TRADE | BEARISH | 01/17/25 | $15.3 | $14.8 | $14.9 | $150.00 | $73.0K | 1.0K | 150 |
| COF | PUT | SWEEP | BULLISH | 07/19/24 | $7.1 | $6.8 | $6.8 | $145.00 | $68.0K | 312 | 118 |
| COF | PUT | SWEEP | BULLISH | 06/21/24 | $5.5 | $5.2 | $5.2 | $145.00 | $52.0K | 282 | 117 |
About Capital One Finl
Capital One is a diversified financial services holding company headquartered in McLean, Virginia. Originally a spinoff of Signet Financial's credit card division in 1994, the company is now primarily involved in credit card lending, auto loans, and commercial lending.
Capital One Finl's Current Market Status
- Trading volume stands at 1,988,585, with COF's price down by -0.08%, positioned at $145.85.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 83 days.
Professional Analyst Ratings for Capital One Finl
4 market experts have recently issued ratings for this stock, with a consensus target price of $165.25.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Capital One Finl, targeting a price of $155.
- An analyst from Wolfe Research upgraded its action to Outperform with a price target of $189.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Capital One Finl, targeting a price of $165.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Capital One Finl with a target price of $152.
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 Capital One Finl with Benzinga Pro for real-time alerts.
© 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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