Whales with a lot of money to spend have taken a noticeably bearish stance on Guidewire Software.
Looking at options history for Guidewire Software GWRE we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 21% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $502,270 and 3, calls, for a total amount of $248,800.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $105.0 to $115.0 for Guidewire Software during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Guidewire Software stands at 128.0, with a total volume reaching 12,721.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Guidewire Software, situated within the strike price corridor from $105.0 to $115.0, throughout the last 30 days.
Guidewire Software Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GWRE | PUT | TRADE | BEARISH | 10/18/24 | $6.2 | $5.6 | $6.0 | $105.00 | $90.0K | 26 | 150 |
| GWRE | CALL | TRADE | BEARISH | 06/21/24 | $4.5 | $4.0 | $4.2 | $115.00 | $84.0K | 66 | 7 |
| GWRE | CALL | SWEEP | BEARISH | 06/21/24 | $4.2 | $4.2 | $4.2 | $115.00 | $82.7K | 66 | 407 |
| GWRE | CALL | SWEEP | BEARISH | 06/21/24 | $4.4 | $4.0 | $4.1 | $115.00 | $81.9K | 66 | 607 |
| GWRE | PUT | TRADE | BULLISH | 06/21/24 | $4.9 | $2.35 | $2.6 | $105.00 | $52.0K | 292 | 1.8K |
About Guidewire Software
Guidewire Software provides software solutions for property and casualty insurers. Flagship product InsuranceSuite is an on-premises system of record and comprises ClaimCenter, a claims management system; PolicyCenter, a policy management system including policy definitions, quotas, issuance, maintenance, and renewal; and BillingCenter, for billing management, payment plans, and agent commissions. The company also offers InsuranceNow, a cloud-based offering, as well as a variety of other add-on applications.
Present Market Standing of Guidewire Software
- Currently trading with a volume of 356,628, the GWRE's price is down by -3.2%, now at $110.28.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 1 days.
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 Guidewire Software 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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