Deep-pocketed investors have adopted a bearish approach towards Peabody Energy BTU, 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 BTU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Peabody Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 22% leaning bullish and 77% bearish. Among these notable options, 2 are puts, totaling $74,686, and 7 are calls, amounting to $551,673.
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 $18.0 to $30.0 for Peabody Energy over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Peabody Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Peabody Energy's substantial trades, within a strike price spectrum from $18.0 to $30.0 over the preceding 30 days.
Peabody Energy Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BTU | CALL | SWEEP | BULLISH | 01/19/24 | $20.00 | $291.4K | 8.4K | 816 |
| BTU | CALL | SWEEP | BEARISH | 07/19/24 | $25.00 | $54.9K | 991 | 190 |
| BTU | CALL | SWEEP | NEUTRAL | 01/19/24 | $22.00 | $52.5K | 3.2K | 150 |
| BTU | PUT | SWEEP | BULLISH | 01/17/25 | $30.00 | $48.4K | 387 | 83 |
| BTU | CALL | SWEEP | BEARISH | 04/19/24 | $23.00 | $45.0K | 167 | 121 |
About Peabody Energy
Peabody Energy Corp is a producer of metallurgical and thermal coal. It also markets and brokers coal, both as principal and agent, and trades coal and freight-related contracts. The company operates in the following segment: Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, Midwestern U.S. Mining, Other U.S. Thermal Mining, and Corporate and Other.
After a thorough review of the options trading surrounding Peabody Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Peabody Energy's Current Market Status
- With a trading volume of 4,161,051, the price of BTU is up by 0.55%, reaching $25.57.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 20 days from now.
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 Peabody Energy options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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