Benzinga's options scanner has just identified more than 8 option transactions on Futu Hldgs FUTU, with a cumulative value of $381,695. Concurrently, our algorithms picked up 2 puts, worth a total of 80,616.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $49.0 and $55.0 for Futu Hldgs, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Futu Hldgs stands at 794.0, with a total volume reaching 5,598.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Futu Hldgs, situated within the strike price corridor from $49.0 to $55.0, throughout the last 30 days.
Futu Hldgs 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 |
|---|---|---|---|---|---|---|---|---|
| FUTU | CALL | SWEEP | BULLISH | 06/21/24 | $55.00 | $156.0K | 775 | 394 |
| FUTU | PUT | SWEEP | BULLISH | 02/09/24 | $49.00 | $51.5K | 654 | 503 |
| FUTU | CALL | SWEEP | BULLISH | 03/15/24 | $55.00 | $44.1K | 178 | 429 |
| FUTU | CALL | SWEEP | BULLISH | 02/09/24 | $50.00 | $39.9K | 260 | 1.1K |
| FUTU | CALL | TRADE | BEARISH | 03/22/24 | $55.00 | $35.0K | 0 | 230 |
About Futu Hldgs
Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services.
In light of the recent options history for Futu Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Futu Hldgs
- With a trading volume of 1,496,698, the price of FUTU is up by 5.98%, reaching $48.7.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 49 days from now.
Expert Opinions on Futu Hldgs
1 market experts have recently issued ratings for this stock, with a consensus target price of $64.0.
- An analyst from JP Morgan upgraded its action to Overweight with a price target of $64.
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 Futu Hldgs with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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