Financial giants have made a conspicuous bearish move on PBF Energy. Our analysis of options history for PBF Energy PBF revealed 26 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $109,635, and 24 were calls, valued at $1,680,511.
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 $55.0 to $60.0 for PBF Energy over the last 3 months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PBF Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PBF Energy's significant trades, within a strike price range of $55.0 to $60.0, over the past month.
PBF Energy Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PBF | CALL | SWEEP | BULLISH | 04/19/24 | $60.00 | $314.6K | 1.2K | 2.0K |
| PBF | CALL | SWEEP | BULLISH | 03/15/24 | $60.00 | $127.1K | 659 | 4.0K |
| PBF | CALL | SWEEP | NEUTRAL | 04/19/24 | $55.00 | $125.7K | 7.6K | 950 |
| PBF | CALL | SWEEP | BULLISH | 03/15/24 | $55.00 | $113.2K | 3.1K | 30 |
| PBF | CALL | SWEEP | BULLISH | 04/19/24 | $60.00 | $102.5K | 1.2K | 0 |
About PBF Energy
PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.
Present Market Standing of PBF Energy
- Currently trading with a volume of 2,307,794, the PBF's price is up by 2.14%, now at $55.86.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 49 days.
Expert Opinions on PBF Energy
In the last month, 2 experts released ratings on this stock with an average target price of $64.0.
- An analyst from JP Morgan persists with their Overweight rating on PBF Energy, maintaining a target price of $54.
- An analyst from B of A Securities upgraded its action to Buy with a price target of $74.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for PBF Energy, Benzinga Pro gives you real-time options trades alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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