What the Options Market Tells Us About Rocket Lab USA

Deep-pocketed investors have adopted a bullish approach towards Rocket Lab USA RKLB, 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 RKLB usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Rocket Lab USA. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 6 are puts, totaling $303,382, and 10 are calls, amounting to $1,519,077.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $4.0 to $25.0 for Rocket Lab USA over the last 3 months.

Analyzing 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 Rocket Lab USA'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 Rocket Lab USA's whale activity within a strike price range from $4.0 to $25.0 in the last 30 days.

Rocket Lab USA 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Rocket Lab USA

Rocket Lab USA Inc is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered multiple satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments being Launch Services and Space systems. Geographically it serves Japan, Germany, rest of the world and earns key revenue from the United States.

Current Position of Rocket Lab USA

• With a trading volume of 11,082,397, the price of RKLB is up by 7.66%, reaching $24.31.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 74 days from now.

What Analysts Are Saying About Rocket Lab USA

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $22.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Overweight rating on Rocket Lab USA with a target price of $24. * An analyst from Citigroup persists with their Buy rating on Rocket Lab USA, maintaining a target price of $22. * An analyst from Goldman Sachs persists with their Neutral rating on Rocket Lab USA, maintaining a target price of $12. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Rocket Lab USA, targeting a price of $22. * An analyst from B of A Securities has decided to maintain their Buy rating on Rocket Lab USA, which currently sits at a price target of $30.

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 Rocket Lab USA, Benzinga Pro gives you real-time options trades alerts.