Financial giants have made a conspicuous bearish move on NetEase. Our analysis of options history for NetEase NTES revealed 14 unusual trades.
Delving into the details, we found 28% of traders were bullish, while 71% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $355,390, and 7 were calls, valued at $673,200.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $120.0 for NetEase over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in NetEase's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to NetEase's substantial trades, within a strike price spectrum from $90.0 to $120.0 over the preceding 30 days.
NetEase Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NTES | CALL | TRADE | BEARISH | 02/16/24 | $90.00 | $243.0K | 1.7K | 300 |
| NTES | CALL | TRADE | BULLISH | 02/16/24 | $90.00 | $148.5K | 1.7K | 468 |
| NTES | PUT | TRADE | BEARISH | 06/21/24 | $100.00 | $111.5K | 191 | 110 |
| NTES | CALL | TRADE | BEARISH | 01/17/25 | $120.00 | $75.0K | 435 | 200 |
| NTES | CALL | TRADE | BULLISH | 01/17/25 | $120.00 | $75.0K | 435 | 0 |
About NetEase
NetEase, which started on an internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).
In light of the recent options history for NetEase, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of NetEase
- With a trading volume of 986,619, the price of NTES is up by 6.12%, reaching $96.46.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 30 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for NetEase with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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