Financial giants have made a conspicuous bearish move on Futu Hldgs. Our analysis of options history for Futu Hldgs FUTU revealed 16 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $424,064, and 11 were calls, valued at $591,337.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $60.0 for Futu Hldgs over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Futu Hldgs stands at 1047.45, with a total volume reaching 6,367.00. 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 $40.0 to $60.0, throughout the last 30 days.
Futu Hldgs 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FUTU | PUT | TRADE | BEARISH | 05/17/24 | $55.00 | $128.4K | 724 | 200 |
| FUTU | CALL | TRADE | BEARISH | 03/01/24 | $50.00 | $116.9K | 2.9K | 184 |
| FUTU | CALL | SWEEP | NEUTRAL | 03/08/24 | $57.00 | $101.3K | 2 | 1.1K |
| FUTU | PUT | TRADE | BEARISH | 02/23/24 | $54.00 | $96.1K | 34 | 522 |
| FUTU | PUT | TRADE | BEARISH | 04/19/24 | $60.00 | $90.0K | 0 | 0 |
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.
After a thorough review of the options trading surrounding Futu Hldgs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Futu Hldgs's Current Market Status
- Currently trading with a volume of 1,149,281, the FUTU's price is up by 2.23%, now at $51.82.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 39 days.
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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