Financial giants have made a conspicuous bearish move on Paycom Software. Our analysis of options history for Paycom Software PAYC revealed 27 unusual trades.
Delving into the details, we found 29% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 19 were puts, with a value of $679,370, and 8 were calls, valued at $297,743.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $210.0 for Paycom Software over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Paycom Software's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Paycom Software's significant trades, within a strike price range of $155.0 to $210.0, over the past month.
Paycom Software 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PAYC | CALL | SWEEP | BEARISH | 05/17/24 | $14.4 | $13.7 | $13.7 | $185.00 | $67.1K | 158 | 85 |
| PAYC | PUT | TRADE | BULLISH | 12/20/24 | $24.0 | $22.6 | $22.6 | $185.00 | $65.5K | 1.5K | 127 |
| PAYC | CALL | SWEEP | BEARISH | 05/17/24 | $5.1 | $5.0 | $5.0 | $210.00 | $50.5K | 1.3K | 605 |
| PAYC | PUT | TRADE | BEARISH | 12/20/24 | $22.3 | $21.8 | $22.3 | $185.00 | $49.0K | 1.5K | 482 |
| PAYC | CALL | SWEEP | BEARISH | 05/17/24 | $5.3 | $5.0 | $5.0 | $210.00 | $43.0K | 1.3K | 504 |
About Paycom Software
Paycom is a fast-growing provider of payroll and human capital management, or HCM, software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.
In light of the recent options history for Paycom Software, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Paycom Software Standing Right Now?
- Currently trading with a volume of 876,435, the PAYC's price is up by 1.48%, now at $190.76.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 0 days.
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 Paycom Software options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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