A Closer Look at Moderna's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish stance on Moderna MRNA.

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 MRNA, 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 16 uncommon options trades for Moderna.

This isn't normal.

The overall sentiment of these big-money traders is split between 31% bullish and 68%, bearish.

Out of all of the special options we uncovered, 12 are puts, for a total amount of $385,491, and 4 are calls, for a total amount of $147,647.

Predicted Price Range

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 $120.0 for Moderna, spanning the last three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Moderna's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Moderna's whale trades within a strike price range from $80.0 to $120.0 in the last 30 days.

Moderna Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MRNA PUT SWEEP NEUTRAL 04/12/24 $2.02 $1.98 $2.02 $107.00 $60.2K 747 154
MRNA CALL SWEEP BEARISH 06/21/24 $5.4 $5.35 $5.4 $120.00 $54.0K 2.6K 144
MRNA PUT SWEEP BULLISH 01/17/25 $6.25 $6.15 $6.15 $80.00 $39.9K 2.8K 66
MRNA PUT TRADE BEARISH 05/17/24 $6.25 $6.0 $6.18 $105.00 $37.0K 1.6K 63
MRNA CALL TRADE BEARISH 01/16/26 $35.95 $35.0 $35.0 $100.00 $35.0K 600 10

About Moderna

Moderna is a commercial-stage biotech that was founded in 2010 and had its initial public offering in December 2018. The firm's mRNA technology was rapidly validated with its COVID-19 vaccine, which was authorized in the United States in December 2020. Moderna had 39 mRNA development candidates in clinical trials as of mid-2023. Programs span a wide range of therapeutic areas, including infectious disease, oncology, cardiovascular disease, and rare genetic diseases.

Current Position of Moderna

  • With a volume of 3,468,946, the price of MRNA is down -4.0% at $107.14.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 22 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 Moderna options trades with real-time alerts from Benzinga Pro.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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