Whales with a lot of money to spend have taken a noticeably bullish stance on Rio Tinto.
Looking at options history for Rio Tinto RIO we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 77% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $570,140 and 4, calls, for a total amount of $163,049.
Latest Startup Investment Opportunities:
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $65.0 to $72.5 for Rio Tinto over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Rio Tinto's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Rio Tinto's significant trades, within a strike price range of $65.0 to $72.5, over the past month.
Rio Tinto Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RIO | PUT | SWEEP | NEUTRAL | 04/19/24 | $70.00 | $201.7K | 610 | 180 |
| RIO | PUT | TRADE | BULLISH | 06/21/24 | $70.00 | $195.4K | 1.5K | 337 |
| RIO | PUT | TRADE | BULLISH | 03/15/24 | $67.50 | $96.2K | 10 | 332 |
| RIO | CALL | TRADE | BEARISH | 03/15/24 | $70.00 | $66.4K | 28 | 384 |
| RIO | PUT | SWEEP | BULLISH | 04/19/24 | $72.50 | $47.6K | 1.0K | 0 |
About Rio Tinto
Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
Rio Tinto's Current Market Status
- Currently trading with a volume of 673,749, the RIO's price is down by -0.45%, now at $68.86.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 32 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 Rio Tinto options trades with real-time alerts from Benzinga Pro.
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