Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Someone with a lot of money to spend has taken a bearish stance on Humana (NYSE:HUM).
And retail traders should know.
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We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with HUM, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 13 uncommon options trades for Humana.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $79,090, and 11 are calls, for a total amount of $375,400.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $525.0 to $600.0 for Humana over the last 3 months.
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Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Humana options trades today is 254.0 with a total volume of 368.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Humana's big money trades within a strike price range of $525.0 to $600.0 over the last 30 days.
Humana Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| HUM | CALL | TRADE | BULLISH | 01/19/24 | $530.00 | $73.8K | 386 | 19 |
| HUM | CALL | SWEEP | BEARISH | 01/19/24 | $530.00 | $49.5K | 386 | 34 |
| HUM | PUT | SWEEP | BEARISH | 01/19/24 | $530.00 | $45.2K | 75 | 12 |
| HUM | PUT | TRADE | BEARISH | 06/09/23 | $530.00 | $33.8K | 17 | 26 |
| HUM | CALL | SWEEP | BEARISH | 01/19/24 | $580.00 | $31.4K | 159 | 8 |
Where Is Humana Standing Right Now?
- With a volume of 375,185, the price of HUM is down -0.34% at $520.71.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 78 days.
What The Experts Say On Humana:
- Cantor Fitzgerald downgraded its action to Overweight with a price target of $597
- TD Cowen has decided to maintain their Outperform rating on Humana, which currently sits at a price target of $616.
- SVB Securities has decided to maintain their Outperform rating on Humana, which currently sits at a price target of $600.
- Oppenheimer downgraded its action to Outperform with a price target of $630
- Stephens & Co. downgraded its action to Overweight with a price target of $590
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 Humana, Benzinga Pro gives you real-time options trades alerts.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.