High-rolling investors have positioned themselves bullish on Vertiv Hldgs VRT, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in VRT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Vertiv Hldgs. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $54,000, and 7 calls, totaling $464,370.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $90.0 for Vertiv Hldgs, spanning the last three months.
Volume & Open Interest Development
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 Vertiv 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 Vertiv Hldgs's whale activity within a strike price range from $60.0 to $90.0 in the last 30 days.
Vertiv Hldgs 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VRT | CALL | TRADE | BULLISH | 06/21/24 | $60.00 | $154.0K | 1.5K | 288 |
| VRT | CALL | TRADE | BULLISH | 06/21/24 | $60.00 | $118.0K | 1.5K | 101 |
| VRT | PUT | TRADE | NEUTRAL | 02/23/24 | $62.00 | $54.0K | 102 | 160 |
| VRT | CALL | SWEEP | BEARISH | 03/15/24 | $67.50 | $50.0K | 10.3K | 229 |
| VRT | CALL | TRADE | BULLISH | 02/16/24 | $60.00 | $46.5K | 1.0K | 107 |
About Vertiv Hldgs
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers' vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East & Africa.
Having examined the options trading patterns of Vertiv Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Vertiv Hldgs
- With a volume of 1,661,701, the price of VRT is up 0.41% at $63.1.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 5 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 Vertiv Hldgs options trades with real-time alerts from Benzinga Pro.
© 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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