NICE Unusual Options Activity For January 19

Deep-pocketed investors have adopted a bullish approach towards NICE NICE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NICE usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for NICE. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 70% leaning bullish and 30% bearish. Among these notable options, 3 are puts, totaling $152,676, and 7 are calls, amounting to $414,138.

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Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $240.0 for NICE 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 NICE's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across NICE's significant trades, within a strike price range of $200.0 to $240.0, over the past month.

NICE 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NICE CALL TRADE BULLISH 03/15/24 $220.00 $112.3K 0 1.9K
NICE CALL SWEEP BULLISH 03/15/24 $220.00 $112.3K 0 1.9K
NICE PUT TRADE BULLISH 05/17/24 $210.00 $71.6K 48 50
NICE PUT TRADE NEUTRAL 05/17/24 $210.00 $51.8K 48 100
NICE CALL TRADE BULLISH 02/16/24 $210.00 $42.5K 5.1K 761

About NICE

Nice is an enterprise software company that serves the customer engagement and financial crime and compliance markets. The company provides data analytics-based solutions through both a cloud platform and on-premises infrastructure. Within customer engagement, Nice's CXone platform delivers solutions focused on contact center software and workforce engagement management, or WEM. Contact center offerings include solutions for digital self-service, customer journey and experience optimization, and compliance. WEM products optimize call center efficiency, leveraging data and AI analytics for call volume forecasting and agent scheduling. Within financial crime and compliance, Nice offers risk and investigation management, fraud prevention, anti-money laundering, and compliance solutions.

Following our analysis of the options activities associated with NICE, we pivot to a closer look at the company's own performance.

Present Market Standing of NICE

  • With a volume of 209,526, the price of NICE is down 0.0% at $203.15.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 34 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 NICE options trades with real-time alerts from Benzinga Pro.

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NICENICE Ltd
$176.700.42%

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Momentum
53.96
Growth
91.90
Quality
Not Available
Value
52.95
Price Trend
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Long
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