Deep-pocketed investors have adopted a bullish approach towards Oscar Health OSCR, 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 OSCR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Oscar Health. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 5 are puts, totaling $398,250, and 3 are calls, amounting to $585,010.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $19.0 to $30.0 for Oscar Health over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Oscar Health's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Oscar Health's significant trades, within a strike price range of $19.0 to $30.0, over the past month.
Oscar Health 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OSCR | CALL | TRADE | BEARISH | 07/19/24 | $1.2 | $1.05 | $1.06 | $20.00 | $413.4K | 503 | 4.0K |
| OSCR | PUT | TRADE | BULLISH | 06/21/24 | $1.65 | $1.5 | $1.5 | $20.00 | $150.0K | 1.6K | 1.0K |
| OSCR | PUT | TRADE | BULLISH | 06/21/24 | $1.5 | $1.0 | $1.05 | $19.00 | $105.0K | 1.8K | 1.0K |
| OSCR | CALL | SWEEP | BEARISH | 07/19/24 | $0.95 | $0.85 | $0.85 | $21.00 | $93.6K | 4.4K | 2.3K |
| OSCR | CALL | TRADE | BULLISH | 07/19/24 | $0.8 | $0.65 | $0.78 | $21.00 | $78.0K | 4.4K | 1.0K |
About Oscar Health
Oscar Health Inc is a health insurance company. The company provides various insurance plans for individuals, families, and employees. Also, the company provides virtual care, doctor support, scheduling appointments, and other related services. The company provides plans in the Medicare Advantage program to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan.
Having examined the options trading patterns of Oscar Health, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Oscar Health
- With a trading volume of 5,058,646, the price of OSCR is down by -1.49%, reaching $19.21.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 60 days from now.
What Analysts Are Saying About Oscar Health
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $23.8.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Oscar Health, targeting a price of $24.
- Reflecting concerns, an analyst from Baird lowers its rating to Outperform with a new price target of $28.
- An analyst from B of A Securities persists with their Buy rating on Oscar Health, maintaining a target price of $25.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Oscar Health with a target price of $21.
- An analyst from B of A Securities downgraded its action to Neutral with a price target of $21.
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 Oscar Health, 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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