Whales with a lot of money to spend have taken a noticeably bearish stance on Chubb.
Looking at options history for Chubb CB we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $671,740 and 6, calls, for a total amount of $1,052,560.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $215.0 to $270.0 for Chubb over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Chubb options trades today is 651.78 with a total volume of 997.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Chubb's big money trades within a strike price range of $215.0 to $270.0 over the last 30 days.
Chubb Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CB | PUT | TRADE | BULLISH | 06/21/24 | $4.8 | $4.4 | $4.45 | $265.00 | $534.0K | 1.8K | 10 |
| CB | CALL | TRADE | BULLISH | 06/21/24 | $32.5 | $30.4 | $31.9 | $230.00 | $382.8K | 557 | 720 |
| CB | CALL | TRADE | BULLISH | 06/21/24 | $47.3 | $45.6 | $46.9 | $215.00 | $187.6K | 70 | 240 |
| CB | CALL | TRADE | NEUTRAL | 06/21/24 | $43.5 | $40.6 | $41.9 | $220.00 | $167.6K | 91 | 240 |
| CB | CALL | TRADE | NEUTRAL | 06/21/24 | $38.5 | $35.4 | $36.9 | $225.00 | $147.6K | 77 | 240 |
About Chubb
ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.
Following our analysis of the options activities associated with Chubb, we pivot to a closer look at the company's own performance.
Where Is Chubb Standing Right Now?
- With a volume of 536,926, the price of CB is down -0.42% at $261.94.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 40 days.
What Analysts Are Saying About Chubb
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $266.0.
- In a positive move, an analyst from B of A Securities has upgraded their rating to Neutral and adjusted the price target to $266.
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 Chubb 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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