Investors with a lot of money to spend have taken a bullish stance on Mobileye Global MBLY.
And retail traders should know.
We noticed this today when the positions 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 MBLY, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Mobileye Global.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $46,310, and 7, calls, for a total amount of $288,589.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $24.0 to $65.0 for Mobileye Global during the past quarter.
Volume & Open Interest Development
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 Mobileye Global'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 Mobileye Global's whale trades within a strike price range from $24.0 to $65.0 in the last 30 days.
Mobileye Global Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MBLY | CALL | SWEEP | BEARISH | 01/16/26 | $4.9 | $4.8 | $4.8 | $35.00 | $68.6K | 504 | 24 |
| MBLY | CALL | TRADE | NEUTRAL | 08/16/24 | $2.4 | $2.3 | $2.35 | $25.00 | $55.9K | 2.0K | 6 |
| MBLY | PUT | SWEEP | NEUTRAL | 08/16/24 | $1.15 | $1.05 | $1.1 | $24.00 | $46.3K | 1.9K | 3 |
| MBLY | CALL | SWEEP | BULLISH | 11/15/24 | $0.95 | $0.9 | $0.95 | $40.00 | $38.0K | 14.9K | 240 |
| MBLY | CALL | SWEEP | BEARISH | 02/21/25 | $2.35 | $2.3 | $2.3 | $34.00 | $35.8K | 323 | 1 |
About Mobileye Global
Mobileye Global Inc engages in the development and deployment of ADAS and autonomous driving technologies and solutions. It is building a portfolio of end-to-end ADAS and autonomous driving solutions to provide the capabilities needed for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies. Mobileye is the Company's only reportable operating segment. Its solutions comprise Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, Mobileye Drive, Self-Driving System & Vehicles. It also provides data services to Expedite Maintenance Operations with AI-Powered Road Survey Technology.
Having examined the options trading patterns of Mobileye Global, 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 Mobileye Global
- With a volume of 3,105,410, the price of MBLY is down -6.35% at $24.76.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 13 days.
What The Experts Say On Mobileye Global
4 market experts have recently issued ratings for this stock, with a consensus target price of $34.5.
- Reflecting concerns, an analyst from HSBC lowers its rating to Buy with a new price target of $33.
- An analyst from Goldman Sachs persists with their Buy rating on Mobileye Global, maintaining a target price of $32.
- An analyst from UBS has decided to maintain their Buy rating on Mobileye Global, which currently sits at a price target of $33.
- An analyst from Barclays persists with their Overweight rating on Mobileye Global, maintaining a target price of $40.
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 Mobileye Global, 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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