20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bearish stance on Comerica.
Looking at options history for Comerica (NYSE:CMA) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $787,209 and 6, calls, for a total amount of $436,517.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $52.5 for Comerica, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Comerica'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 Comerica's whale activity within a strike price range from $50.0 to $52.5 in the last 30 days.
Comerica 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CMA | PUT | SWEEP | BEARISH | 07/19/24 | $3.5 | $3.4 | $3.5 | $50.00 | $358.7K | 1.4K | 767 |
| CMA | PUT | SWEEP | BULLISH | 07/19/24 | $3.6 | $3.5 | $3.6 | $50.00 | $178.6K | 1.4K | 497 |
| CMA | CALL | SWEEP | BEARISH | 05/17/24 | $2.4 | $2.2 | $2.35 | $52.50 | $167.5K | 178 | 4.0K |
| CMA | CALL | SWEEP | NEUTRAL | 05/17/24 | $2.5 | $2.45 | $2.45 | $52.50 | $156.9K | 178 | 2.9K |
| CMA | PUT | SWEEP | BULLISH | 07/19/24 | $3.6 | $3.4 | $3.4 | $50.00 | $132.6K | 1.4K | 2.1K |
About Comerica
Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada and Mexico.
In light of the recent options history for Comerica, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Comerica's Current Market Status
- With a volume of 909,410, the price of CMA is down -1.35% at $50.98.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 6 days.
What The Experts Say On Comerica
In the last month, 5 experts released ratings on this stock with an average target price of $59.4.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for Comerica, targeting a price of $58.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Comerica with a target price of $60.
- An analyst from UBS has revised its rating downward to Neutral, adjusting the price target to $59.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Comerica, targeting a price of $61.
- An analyst from Deutsche Bank has revised its rating downward to Hold, adjusting the price target to $59.
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 Comerica options trades with real-time alerts from Benzinga Pro.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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