Investors with a lot of money to spend have taken a bullish stance on Monolithic Power Systems MPWR.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MPWR, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for Monolithic Power Systems.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 28%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $1,248,370, and 2 are calls, for a total amount of $67,500.
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 $750.0 to $860.0 for Monolithic Power Systems during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Monolithic Power Systems's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Monolithic Power Systems's substantial trades, within a strike price spectrum from $750.0 to $860.0 over the preceding 30 days.
Monolithic Power Systems 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MPWR | PUT | TRADE | BULLISH | 09/20/24 | $101.7 | $99.3 | $99.3 | $860.00 | $198.6K | 0 | 20 |
| MPWR | PUT | TRADE | BULLISH | 09/20/24 | $101.9 | $99.3 | $99.3 | $860.00 | $198.6K | 0 | 0 |
| MPWR | PUT | SWEEP | BEARISH | 09/20/24 | $101.3 | $95.1 | $98.6 | $860.00 | $157.7K | 0 | 60 |
| MPWR | PUT | TRADE | BEARISH | 08/16/24 | $52.2 | $49.3 | $52.2 | $800.00 | $104.4K | 1 | 80 |
| MPWR | PUT | TRADE | NEUTRAL | 08/16/24 | $54.8 | $50.7 | $52.7 | $800.00 | $94.8K | 1 | 1 |
About Monolithic Power Systems
Monolithic Power Systems is an analog and mixed-signal chipmaker, specializing in power management solutions. The firm's mission is to reduce total energy consumption in end systems, and it serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.
Following our analysis of the options activities associated with Monolithic Power Systems, we pivot to a closer look at the company's own performance.
Where Is Monolithic Power Systems Standing Right Now?
- With a trading volume of 193,981, the price of MPWR is down by -1.37%, reaching $804.43.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 46 days from now.
Professional Analyst Ratings for Monolithic Power Systems
In the last month, 1 experts released ratings on this stock with an average target price of $900.0.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Monolithic Power Systems, targeting a price of $900.
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 Monolithic Power Systems 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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