Whales with a lot of money to spend have taken a noticeably bullish stance on Monolithic Power Systems.
Looking at options history for Monolithic Power Systems MPWR we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $1,353,800 and 2, calls, for a total amount of $56,900.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $680.0 to $880.0 for Monolithic Power Systems over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Monolithic Power Systems stands at 81.67, with a total volume reaching 1,423.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Monolithic Power Systems, situated within the strike price corridor from $680.0 to $880.0, throughout the last 30 days.
Monolithic Power Systems Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MPWR | PUT | SWEEP | BEARISH | 05/17/24 | $720.00 | $227.9K | 12 | 150 |
| MPWR | PUT | TRADE | BULLISH | 04/19/24 | $740.00 | $224.0K | 0 | 201 |
| MPWR | PUT | SWEEP | BEARISH | 04/19/24 | $740.00 | $222.5K | 0 | 151 |
| MPWR | PUT | SWEEP | BULLISH | 05/17/24 | $720.00 | $146.4K | 12 | 188 |
| MPWR | PUT | SWEEP | BEARISH | 05/17/24 | $720.00 | $102.0K | 12 | 80 |
About Monolithic Power Systems
Monolithic Power Systems is an analog and mixed-signal chipmaker, specializing in power management solutions. The firm's mission is to reduce total energy consumption in end systems, and it serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.
Following our analysis of the options activities associated with Monolithic Power Systems, we pivot to a closer look at the company's own performance.
Current Position of Monolithic Power Systems
- With a volume of 173,851, the price of MPWR is up 4.27% at $744.39.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 70 days.
What Analysts Are Saying About Monolithic Power Systems
3 market experts have recently issued ratings for this stock, with a consensus target price of $776.6666666666666.
- An analyst from Needham persists with their Buy rating on Monolithic Power Systems, maintaining a target price of $800.
- Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Monolithic Power Systems with a target price of $830.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Monolithic Power Systems, targeting a price of $700.
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 Monolithic Power Systems options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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