Market Whales and Their Recent Bets on THC Options

Investors with a lot of money to spend have taken a bullish stance on Tenet Healthcare THC.

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 THC, 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 12 uncommon options trades for Tenet Healthcare.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $279,360, and 10 are calls, for a total amount of $1,471,911.

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 $80.0 and $125.0 for Tenet Healthcare, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Tenet Healthcare options trades today is 267.89 with a total volume of 847.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Tenet Healthcare's big money trades within a strike price range of $80.0 to $125.0 over the last 30 days.

Tenet Healthcare Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Tenet Healthcare

Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (about 60 as of December 2023) and over 450 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.

Having examined the options trading patterns of Tenet Healthcare, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Tenet Healthcare

• With a volume of 1,335,001, the price of THC is up 2.49% at $104.87.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 27 days.

What Analysts Are Saying About Tenet Healthcare

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $112.25.

• Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Tenet Healthcare with a target price of $110.
• An analyst from Wolfe Research upgraded its action to Outperform with a price target of $122.
• Reflecting concerns, an analyst from Barclays lowers its rating to Overweight with a new price target of $113.
• An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $104.

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 Tenet Healthcare with Benzinga Pro for real-time alerts.