Investors with a lot of money to spend have taken a bearish stance on Seagate Tech Hldgs STX.
And retail traders should know.
We noticed this today when the trades 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 STX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Seagate Tech Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 45%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $828,491, and 2 are calls, for a total amount of $80,000.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $100.0 for Seagate Tech Hldgs during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Seagate Tech Hldgs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Seagate Tech Hldgs's substantial trades, within a strike price spectrum from $90.0 to $100.0 over the preceding 30 days.
Seagate Tech Hldgs 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STX | PUT | SWEEP | BULLISH | 06/20/25 | $11.2 | $11.1 | $11.2 | $100.00 | $243.2K | 5.1K | 0 |
| STX | PUT | SWEEP | BEARISH | 09/19/25 | $13.3 | $13.0 | $13.2 | $100.00 | $132.0K | 202 | 200 |
| STX | PUT | TRADE | NEUTRAL | 09/19/25 | $13.4 | $12.9 | $13.13 | $100.00 | $131.3K | 202 | 100 |
| STX | PUT | TRADE | BULLISH | 06/20/25 | $11.4 | $11.0 | $11.1 | $100.00 | $73.2K | 5.1K | 1.1K |
| STX | PUT | TRADE | BEARISH | 06/20/25 | $11.1 | $11.0 | $11.1 | $100.00 | $64.3K | 5.1K | 528 |
About Seagate Tech Hldgs
Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
In light of the recent options history for Seagate Tech Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Seagate Tech Hldgs's Current Market Status
- Trading volume stands at 1,150,300, with STX's price down by -1.88%, positioned at $94.55.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 78 days.
What Analysts Are Saying About Seagate Tech Hldgs
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $118.2.
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 Morgan Stanley keeps a Overweight rating on Seagate Tech Hldgs with a target price of $134. * An analyst from Susquehanna has decided to maintain their Negative rating on Seagate Tech Hldgs, which currently sits at a price target of $68. * Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Seagate Tech Hldgs with a target price of $150. * An analyst from Wells Fargo persists with their Equal-Weight rating on Seagate Tech Hldgs, maintaining a target price of $110. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Seagate Tech Hldgs, targeting a price of $129.
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 Seagate Tech Hldgs, Benzinga Pro gives you real-time options trades alerts.
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