Deep-pocketed investors have adopted a bullish approach towards Logitech International LOGI, 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 LOGI 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 Logitech International. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $226,433, and 4 are calls, amounting to $184,000.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $120.0 for Logitech International over the recent three months.
Insights into Volume & Open Interest
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 Logitech International'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 Logitech International's whale activity within a strike price range from $55.0 to $120.0 in the last 30 days.
Logitech International 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LOGI | PUT | SWEEP | BULLISH | 01/17/25 | $20.1 | $19.8 | $19.8 | $120.00 | $73.2K | 1 | 31 |
| LOGI | PUT | SWEEP | BULLISH | 01/17/25 | $20.3 | $20.0 | $20.0 | $120.00 | $62.0K | 1 | 0 |
| LOGI | PUT | SWEEP | BEARISH | 09/20/24 | $7.5 | $7.4 | $7.5 | $105.00 | $48.7K | 53 | 0 |
| LOGI | CALL | TRADE | BEARISH | 09/20/24 | $48.7 | $48.2 | $48.2 | $55.00 | $48.2K | 0 | 21 |
| LOGI | CALL | TRADE | BEARISH | 09/20/24 | $48.6 | $48.1 | $48.1 | $55.00 | $48.1K | 0 | 11 |
About Logitech International
Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland. The company specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and music-related products such as wireless speakers.
Having examined the options trading patterns of Logitech International, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Logitech International
- Trading volume stands at 143,057, with LOGI's price up by 2.07%, positioned at $102.2.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 40 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 Logitech International 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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