Whales with a lot of money to spend have taken a noticeably bearish stance on Corebridge Financial.
Looking at options history for Corebridge Financial CRBG we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $136,663 and 11, calls, for a total amount of $674,190.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $30.0 for Corebridge Financial 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 Corebridge Financial'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 Corebridge Financial's whale trades within a strike price range from $25.0 to $30.0 in the last 30 days.
Corebridge Financial 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRBG | CALL | TRADE | BEARISH | 04/19/24 | $1.5 | $1.35 | $1.35 | $25.00 | $151.8K | 9.6K | 2.5K |
| CRBG | CALL | SWEEP | BULLISH | 04/19/24 | $1.45 | $1.45 | $1.45 | $25.00 | $80.6K | 9.6K | 5.5K |
| CRBG | PUT | SWEEP | BEARISH | 05/17/24 | $0.75 | $0.65 | $0.75 | $25.00 | $75.0K | 11.3K | 97 |
| CRBG | CALL | SWEEP | BULLISH | 04/19/24 | $1.5 | $1.45 | $1.5 | $25.00 | $69.9K | 9.6K | 4.8K |
| CRBG | CALL | SWEEP | BEARISH | 04/19/24 | $1.5 | $1.45 | $1.45 | $25.00 | $65.2K | 9.6K | 454 |
About Corebridge Financial
Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other. The majority of its revenue derives from the Individual Retirement segment.
Present Market Standing of Corebridge Financial
- Trading volume stands at 2,537,800, with CRBG's price down by 0.0%, positioned at $26.81.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 16 days.
What The Experts Say On Corebridge Financial
In the last month, 5 experts released ratings on this stock with an average target price of $33.0.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Corebridge Financial, which currently sits at a price target of $34.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Corebridge Financial, targeting a price of $28.
- An analyst from Keefe, Bruyette & Woods persists with their Outperform rating on Corebridge Financial, maintaining a target price of $38.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Corebridge Financial with a target price of $33.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $32.
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 Corebridge Financial with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
