Benzinga's options scanner just detected over 9 options trades for PG&E PCG summing a total amount of $1,435,040.
At the same time, our algo caught 2 for a total amount of 215,000.
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 $17.0 to $19.0 for PG&E 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 PG&E'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 PG&E's whale trades within a strike price range from $17.0 to $19.0 in the last 30 days.
PG&E Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PCG | CALL | SWEEP | BULLISH | 03/21/25 | $1.01 | $0.99 | $1.0 | $18.00 | $600.5K | 784 | 6.1K |
| PCG | CALL | SWEEP | BULLISH | 01/16/26 | $3.1 | $3.05 | $3.1 | $17.00 | $246.2K | 2.1K | 802 |
| PCG | CALL | SWEEP | BULLISH | 01/15/27 | $3.95 | $3.9 | $3.95 | $17.00 | $145.3K | 145 | 368 |
| PCG | CALL | SWEEP | BULLISH | 03/21/25 | $1.15 | $1.06 | $1.15 | $18.00 | $114.8K | 784 | 9.3K |
| PCG | PUT | SWEEP | BULLISH | 02/21/25 | $1.23 | $1.06 | $1.09 | $17.00 | $111.0K | 1.4K | 1.0K |
About PG&E
PG&E is a holding company whose main subsidiary is Pacific Gas and Electric, a regulated utility operating in Central and Northern California that serves 5.3 million electricity customers and 4.6 million gas customers in 47 of the state's 58 counties. PG&E operated under bankruptcy court supervision between January 2019 and June 2020. In 2004, PG&E sold its unregulated assets as part of an earlier postbankruptcy reorganization.
Current Position of PG&E
- Currently trading with a volume of 18,219,134, the PCG's price is up by 5.02%, now at $17.04.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 36 days.
Professional Analyst Ratings for PG&E
4 market experts have recently issued ratings for this stock, with a consensus target price of $22.25.
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. * An analyst from UBS persists with their Buy rating on PG&E, maintaining a target price of $24. * An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on PG&E, which currently sits at a price target of $20. * An analyst from Barclays persists with their Overweight rating on PG&E, maintaining a target price of $24. * An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $21.
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 PG&E options trades with real-time alerts from Benzinga Pro.
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