Spirit AeroSystems Hldgs's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bullish stance on Spirit AeroSystems Hldgs SPR.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPR, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Spirit AeroSystems Hldgs.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $166,460, and 6 are calls, for a total amount of $311,262.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $3.0 to $27.0 for Spirit AeroSystems Hldgs over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Spirit AeroSystems Hldgs's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Spirit AeroSystems Hldgs's whale activity within a strike price range from $3.0 to $27.0 in the last 30 days.

Spirit AeroSystems Hldgs Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Spirit AeroSystems Hldgs

Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.

Current Position of Spirit AeroSystems Hldgs

• Trading volume stands at 3,425,703, with SPR's price down by -3.92%, positioned at $27.45.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 12 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 Spirit AeroSystems Hldgs options trades with real-time alerts from Benzinga Pro.