Spotlight on American Intl Gr: Analyzing the Surge in Options Activity

High-rolling investors have positioned themselves bullish on American Intl Gr AIG, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AIG often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for American Intl Gr. This is not a typical pattern.

The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $30,199, and 7 calls, totaling $825,218.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $62.5 and $80.0 for American Intl Gr, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of American Intl Gr stands at 2240.67, with a total volume reaching 4,634.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in American Intl Gr, situated within the strike price corridor from $62.5 to $80.0, throughout the last 30 days.

American Intl Gr Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
AIG CALL SWEEP BULLISH 06/21/24 $2.15 $2.0 $2.15 $77.50 $322.5K 5.9K 1.5K
AIG CALL SWEEP BULLISH 05/17/24 $1.45 $1.25 $1.45 $77.50 $138.9K 695 78
AIG CALL SWEEP BEARISH 06/21/24 $1.55 $1.5 $1.5 $80.00 $124.9K 6.0K 2.1K
AIG CALL SWEEP BULLISH 06/21/24 $1.5 $1.3 $1.45 $80.00 $106.9K 6.0K 5
AIG CALL SWEEP BULLISH 01/16/26 $12.0 $11.8 $12.0 $75.00 $60.0K 318 50

About American Intl Gr

American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a majority stake.

Current Position of American Intl Gr

  • Trading volume stands at 1,715,994, with AIG's price down by -1.18%, positioned at $74.43.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 20 days.

What The Experts Say On American Intl Gr

In the last month, 5 experts released ratings on this stock with an average target price of $82.6.

  • Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on American Intl Gr with a target price of $80.
  • Consistent in their evaluation, an analyst from Keefe, Bruyette & Woods keeps a Outperform rating on American Intl Gr with a target price of $86.
  • An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on American Intl Gr, which currently sits at a price target of $80.
  • Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on American Intl Gr with a target price of $80.
  • Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on American Intl Gr with a target price of $87.

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 American Intl Gr 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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