High-rolling investors have positioned themselves bearish on Scorpio Tankers STNG, 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 STNG often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Scorpio Tankers. This is not a typical pattern.
The sentiment among these major traders is split, with 33% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $26,839, and 8 calls, totaling $620,139.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $80.0 for Scorpio Tankers during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Scorpio Tankers stands at 1260.0, with a total volume reaching 2,854.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Scorpio Tankers, situated within the strike price corridor from $65.0 to $80.0, throughout the last 30 days.
Scorpio Tankers 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STNG | CALL | SWEEP | BEARISH | 06/21/24 | $2.1 | $1.9 | $1.91 | $80.00 | $137.9K | 3.2K | 1.0K |
| STNG | CALL | SWEEP | BEARISH | 07/19/24 | $11.5 | $11.1 | $11.2 | $65.00 | $111.2K | 1.3K | 110 |
| STNG | CALL | TRADE | BEARISH | 06/21/24 | $6.9 | $6.3 | $6.5 | $70.00 | $97.5K | 1.6K | 281 |
| STNG | CALL | SWEEP | BEARISH | 06/21/24 | $7.0 | $6.6 | $6.6 | $70.00 | $66.0K | 1.6K | 481 |
| STNG | CALL | SWEEP | BEARISH | 06/21/24 | $6.7 | $6.3 | $6.3 | $70.00 | $63.0K | 1.6K | 381 |
About Scorpio Tankers
Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters in hundred ten product tankers namely thirty nine LR2 tankers, fifty seven MR tankers and forteeen Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products. They provide seaborne transportation of crude oil and refined petroleum products worldwide. The company generates majority of its revenue from MR vessel.
In light of the recent options history for Scorpio Tankers, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Scorpio Tankers
- With a trading volume of 321,667, the price of STNG is up by 2.77%, reaching $74.72.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 1 days from now.
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 Scorpio Tankers, 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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