Investors with a lot of money to spend have taken a bullish stance on Futu Hldgs FUTU.
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 FUTU, 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 8 uncommon options trades for Futu Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $278,050, and 3 are calls, for a total amount of $135,728.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $60.0 for Futu Hldgs over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Futu Hldgs options trades today is 533.17 with a total volume of 1,342.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Futu Hldgs's big money trades within a strike price range of $40.0 to $60.0 over the last 30 days.
Futu Hldgs Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FUTU | PUT | TRADE | BULLISH | 03/08/24 | $60.00 | $105.0K | 0 | 302 |
| FUTU | PUT | TRADE | BULLISH | 03/08/24 | $60.00 | $71.4K | 0 | 314 |
| FUTU | CALL | SWEEP | BULLISH | 03/15/24 | $56.00 | $69.0K | 116 | 208 |
| FUTU | CALL | TRADE | BULLISH | 01/17/25 | $60.00 | $40.7K | 621 | 9 |
| FUTU | PUT | SWEEP | BEARISH | 03/08/24 | $60.00 | $36.0K | 0 | 502 |
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
- With a trading volume of 860,526, the price of FUTU is up by 2.37%, reaching $54.79.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 13 days from now.
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 Futu 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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