Financial giants have made a conspicuous bullish move on Hewlett Packard. Our analysis of options history for Hewlett Packard HPE revealed 14 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $227,726, and 11 were calls, valued at $497,182.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $18.5 and $30.0 for Hewlett Packard, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Hewlett Packard'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 Hewlett Packard's whale trades within a strike price range from $18.5 to $30.0 in the last 30 days.
Hewlett Packard Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HPE | PUT | SWEEP | BULLISH | 03/21/25 | $6.5 | $6.4 | $6.4 | $27.00 | $104.3K | 151 | 0 |
| HPE | CALL | SWEEP | BULLISH | 09/20/24 | $1.85 | $1.65 | $1.81 | $22.00 | $90.0K | 1.0K | 13 |
| HPE | PUT | SWEEP | BULLISH | 01/16/26 | $9.4 | $9.2 | $9.3 | $30.00 | $74.4K | 669 | 0 |
| HPE | CALL | SWEEP | BULLISH | 06/28/24 | $1.05 | $0.95 | $1.04 | $21.50 | $63.0K | 1.3K | 4 |
| HPE | CALL | SWEEP | BEARISH | 06/21/24 | $1.95 | $1.8 | $1.82 | $20.00 | $54.6K | 53.7K | 270 |
About Hewlett Packard
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.
Having examined the options trading patterns of Hewlett Packard, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Hewlett Packard
- Trading volume stands at 2,104,779, with HPE's price down by -1.47%, positioned at $21.44.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 74 days.
What The Experts Say On Hewlett Packard
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $21.4.
- An analyst from Stifel has decided to maintain their Buy rating on Hewlett Packard, which currently sits at a price target of $22.
- Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Hewlett Packard, targeting a price of $17.
- An analyst from Argus Research upgraded its action to Buy with a price target of $26.
- An analyst from Susquehanna has decided to maintain their Neutral rating on Hewlett Packard, which currently sits at a price target of $20.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Hewlett Packard, targeting a price of $22.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Hewlett Packard with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
