Financial giants have made a conspicuous bullish move on Vornado Realty. Our analysis of options history for Vornado Realty VNO revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $168,480, and 4 were calls, valued at $541,400.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $30.0 for Vornado Realty over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Vornado Realty's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Vornado Realty's substantial trades, within a strike price spectrum from $20.0 to $30.0 over the preceding 30 days.
Vornado Realty Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VNO | CALL | TRADE | BULLISH | 04/19/24 | $30.00 | $360.0K | 61 | 743 |
| VNO | PUT | SWEEP | BEARISH | 07/19/24 | $25.00 | $65.0K | 112 | 57 |
| VNO | CALL | TRADE | BULLISH | 06/21/24 | $30.00 | $64.8K | 1.0K | 220 |
| VNO | CALL | SWEEP | BULLISH | 04/19/24 | $30.00 | $63.9K | 61 | 33 |
| VNO | CALL | TRADE | BEARISH | 01/17/25 | $20.00 | $52.6K | 1.7K | 56 |
About Vornado Realty
Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.
Following our analysis of the options activities associated with Vornado Realty, we pivot to a closer look at the company's own performance.
Present Market Standing of Vornado Realty
- With a trading volume of 1,557,082, the price of VNO is up by 1.87%, reaching $27.76.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 39 days from now.
Expert Opinions on Vornado Realty
2 market experts have recently issued ratings for this stock, with a consensus target price of $23.5.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for Vornado Realty, targeting a price of $21.
- An analyst from Truist Securities persists with their Hold rating on Vornado Realty, maintaining a target price of $26.
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 Vornado Realty 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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