Investors with a lot of money to spend have taken a bullish stance on NXP Semiconductors NXPI.
And retail traders should know.
We noticed this today when the positions 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 NXPI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for NXP Semiconductors.
This isn't normal.
The overall sentiment of these big-money traders is split between 81% bullish and 18%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $41,500, and 10, calls, for a total amount of $465,680.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $195.0 and $300.0 for NXP Semiconductors, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in NXP Semiconductors's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to NXP Semiconductors's substantial trades, within a strike price spectrum from $195.0 to $300.0 over the preceding 30 days.
NXP Semiconductors Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NXPI | CALL | TRADE | NEUTRAL | 10/18/24 | $250.00 | $124.8K | 745 | 49 |
| NXPI | CALL | SWEEP | BULLISH | 09/20/24 | $260.00 | $112.2K | 28 | 55 |
| NXPI | PUT | TRADE | BULLISH | 01/17/25 | $195.00 | $41.5K | 293 | 0 |
| NXPI | CALL | SWEEP | BULLISH | 07/19/24 | $300.00 | $36.5K | 374 | 87 |
| NXPI | CALL | TRADE | BULLISH | 12/20/24 | $270.00 | $30.3K | 243 | 131 |
About NXP Semiconductors
NXP Semiconductors is a leading supplier of high-performance mixed-signal products. The firm acquired Freescale Semiconductor in 2015 and now has significant market share in the automotive market, where it supplies microcontrollers and analog chips into automotive clusters, powertrains, infotainment systems, and radars. NXP Semiconductors also serves industrial and Internet of Things, mobile, and communications infrastructure.
Where Is NXP Semiconductors Standing Right Now?
- With a trading volume of 1,294,172, the price of NXPI is up by 1.89%, reaching $245.82.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 39 days from now.
Expert Opinions on NXP Semiconductors
3 market experts have recently issued ratings for this stock, with a consensus target price of $280.0.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $270.
- An analyst from TD Cowen has decided to maintain their Outperform rating on NXP Semiconductors, which currently sits at a price target of $300.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $270.
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 NXP Semiconductors 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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