Whales with a lot of money to spend have taken a noticeably bullish stance on Paramount Global.
Looking at options history for Paramount Global PARAA we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $299,926 and 8, calls, for a total amount of $286,834.
Latest Startup Investment Opportunities:
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $11.0 to $30.0 for Paramount Global during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Paramount Global options trades today is 7205.8 with a total volume of 7,915.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Paramount Global's big money trades within a strike price range of $11.0 to $30.0 over the last 30 days.
Paramount Global 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PARA | PUT | SWEEP | BULLISH | 06/21/24 | $4.3 | $4.2 | $4.2 | $16.00 | $125.5K | 93 | 623 |
| PARA | PUT | SWEEP | BULLISH | 06/21/24 | $4.3 | $4.2 | $4.2 | $16.00 | $118.4K | 93 | 23 |
| PARAA | CALL | TRADE | BULLISH | 05/17/24 | $0.75 | $0.0 | $0.75 | $30.00 | $59.1K | 535 | 1.0K |
| PARA | CALL | SWEEP | BULLISH | 04/12/24 | $0.85 | $0.83 | $0.85 | $12.00 | $40.2K | 4.6K | 100 |
| PARA | CALL | SWEEP | BULLISH | 04/19/24 | $0.37 | $0.31 | $0.31 | $13.00 | $39.6K | 19.0K | 1.6K |
About Paramount Global
Paramount Global operates in three global business segments: TV media, filmed entertainment, and direct to consumer. The TV media business includes television production studios and various broadcast and cable networks, including CBS, 15 owned CBS affiliates, Paramount, Nickelodeon, MTV, BET, and VH1. Filmed entertainment consists multiple film studios, most importantly Paramount Pictures. The film studios produce and distribute movies that they license to movie theaters and other media outlets. Direct to consumer includes multiple streaming platforms, including Paramount+, which now includes Showtime, Pluto TV, and BET+. Much of the content on Paramount's streaming platforms is created by the production studios housed within the firm's other two business segments.
Following our analysis of the options activities associated with Paramount Global, we pivot to a closer look at the company's own performance.
Where Is Paramount Global Standing Right Now?
- With a volume of 21,523, the price of PARAA is up 0.13% at $22.96.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 27 days.
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 Paramount Global options trades with real-time alerts from Benzinga Pro.
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