Investors with a lot of money to spend have taken a bullish stance on Veradigm MDRX.
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 MDRX, 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 14 uncommon options trades for Veradigm.
This isn't normal.
The overall sentiment of these big-money traders is split between 64% bullish and 35%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $513,405, and 5 are calls, for a total amount of $213,692.
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 $5.0 and $7.5 for Veradigm, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Veradigm's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Veradigm's substantial trades, within a strike price spectrum from $5.0 to $7.5 over the preceding 30 days.
Veradigm Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDRX | PUT | SWEEP | BULLISH | 09/20/24 | $5.00 | $100.0K | 7.7K | 9.1K |
| MDRX | PUT | SWEEP | BULLISH | 09/20/24 | $5.00 | $100.0K | 7.7K | 6.1K |
| MDRX | PUT | SWEEP | BULLISH | 06/21/24 | $5.00 | $75.0K | 7.2K | 2.5K |
| MDRX | PUT | SWEEP | BULLISH | 06/21/24 | $7.50 | $66.1K | 13.7K | 999 |
| MDRX | CALL | SWEEP | BULLISH | 03/15/24 | $7.50 | $56.0K | 8.3K | 2.0K |
About Veradigm
Veradigm Inc is a healthcare technology company that drives value through its various combination of platforms, data, expertise, connectivity, and scale. It delivers a combination of point-of-care clinical and financial solutions. The Veradigm Network features a dynamic community of solutions and partners providing insights, technology, and data-driven solutions, all working together to transform healthcare insightfully.
Following our analysis of the options activities associated with Veradigm, we pivot to a closer look at the company's own performance.
Present Market Standing of Veradigm
- Trading volume stands at 14,018,267, with MDRX's price down by -8.68%, positioned at $6.94.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 13 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 Veradigm 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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