Deep-pocketed investors have adopted a bearish approach towards American Intl Gr AIG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AIG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for American Intl Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 2 are puts, totaling $640,000, and 7 are calls, amounting to $426,098.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $85.0 for American Intl Gr over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for American Intl Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across American Intl Gr's significant trades, within a strike price range of $70.0 to $85.0, over the past month.
American Intl Gr Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AIG | PUT | TRADE | BEARISH | 06/20/25 | $3.7 | $3.4 | $3.6 | $70.00 | $360.0K | 1.1K | 1.0K |
| AIG | PUT | TRADE | BEARISH | 01/17/25 | $5.6 | $5.4 | $5.6 | $80.00 | $280.0K | 1.2K | 500 |
| AIG | CALL | TRADE | BEARISH | 06/21/24 | $1.55 | $1.45 | $1.46 | $82.50 | $146.0K | 6.1K | 1.6K |
| AIG | CALL | SWEEP | BULLISH | 07/19/24 | $2.2 | $2.1 | $2.15 | $82.50 | $83.4K | 598 | 70 |
| AIG | CALL | SWEEP | BEARISH | 05/17/24 | $0.95 | $0.9 | $0.9 | $81.00 | $82.5K | 150 | 108 |
About American Intl Gr
American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a majority stake.
In light of the recent options history for American Intl Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of American Intl Gr
- Trading volume stands at 1,905,340, with AIG's price down by -0.16%, positioned at $80.15.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 83 days.
What Analysts Are Saying About American Intl Gr
5 market experts have recently issued ratings for this stock, with a consensus target price of $83.0.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on American Intl Gr with a target price of $81.
- An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on American Intl Gr, which currently sits at a price target of $79.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on American Intl Gr with a target price of $89.
- An analyst from Wells Fargo persists with their Equal-Weight rating on American Intl Gr, maintaining a target price of $80.
- An analyst from Keefe, Bruyette & Woods persists with their Outperform rating on American Intl Gr, maintaining a target price of $86.
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 American Intl Gr 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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