Financial giants have made a conspicuous bearish move on Futu Hldgs. Our analysis of options history for Futu Hldgs FUTU revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $298,480, and 2 were calls, valued at $173,081.
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 $75.0 to $85.0 for Futu Hldgs during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Futu Hldgs's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Futu Hldgs's whale activity within a strike price range from $75.0 to $85.0 in the last 30 days.
Futu Hldgs 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FUTU | PUT | SWEEP | BEARISH | 11/15/24 | $11.5 | $11.1 | $11.5 | $80.00 | $139.1K | 20 | 211 |
| FUTU | CALL | SWEEP | BEARISH | 07/19/24 | $1.98 | $1.97 | $1.97 | $85.00 | $132.5K | 189 | 677 |
| FUTU | PUT | TRADE | BULLISH | 11/15/24 | $11.65 | $11.6 | $11.6 | $80.00 | $44.0K | 20 | 40 |
| FUTU | CALL | SWEEP | BEARISH | 06/28/24 | $4.2 | $4.05 | $4.05 | $75.00 | $40.5K | 108 | 101 |
| FUTU | PUT | TRADE | BULLISH | 11/15/24 | $11.6 | $11.5 | $11.5 | $80.00 | $33.3K | 20 | 90 |
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.
Futu Hldgs's Current Market Status
- With a trading volume of 618,075, the price of FUTU is up by 2.06%, reaching $76.93.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 77 days from now.
Expert Opinions on Futu Hldgs
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $88.9.
- Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $92.
- An analyst from B of A Securities has decided to maintain their Buy rating on Futu Hldgs, which currently sits at a price target of $85.
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 Futu Hldgs 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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