Deep-pocketed investors have adopted a bullish approach towards Seagate Tech Hldgs STX, 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 STX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Seagate Tech Hldgs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 72% leaning bullish and 27% bearish. Among these notable options, 6 are puts, totaling $472,185, and 5 are calls, amounting to $221,196.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $97.0 for Seagate Tech Hldgs over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Seagate Tech Hldgs options trades today is 176.0 with a total volume of 2,585.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Seagate Tech Hldgs's big money trades within a strike price range of $80.0 to $97.0 over the last 30 days.
Seagate Tech Hldgs 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| STX | PUT | SWEEP | BULLISH | 01/17/25 | $85.00 | $127.0K | 44 | 158 |
| STX | PUT | SWEEP | BULLISH | 01/17/25 | $85.00 | $88.6K | 44 | 124 |
| STX | PUT | SWEEP | BULLISH | 01/17/25 | $85.00 | $74.4K | 44 | 447 |
| STX | PUT | SWEEP | BULLISH | 01/17/25 | $85.00 | $69.3K | 44 | 373 |
| STX | PUT | SWEEP | BULLISH | 01/17/25 | $85.00 | $63.3K | 44 | 544 |
About Seagate Tech Hldgs
Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
In light of the recent options history for Seagate Tech Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Seagate Tech Hldgs Standing Right Now?
- Trading volume stands at 2,345,916, with STX's price up by 1.84%, positioned at $86.99.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 2 days.
What The Experts Say On Seagate Tech Hldgs
2 market experts have recently issued ratings for this stock, with a consensus target price of $75.0.
- An analyst from Exane BNP Paribas has revised its rating downward to Underperform, adjusting the price target to $65.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Seagate Tech Hldgs with a target price of $85.
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 Seagate Tech Hldgs, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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