Unpacking the Latest Options Trading Trends in Charles Schwab

Investors with a lot of money to spend have taken a bearish stance on Charles Schwab SCHW.

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 SCHW, 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 9 uncommon options trades for Charles Schwab.

This isn't normal.

The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $342,182, and 5 are calls, for a total amount of $337,168.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $90.0 for Charles Schwab during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Charles Schwab'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 Charles Schwab's whale activity within a strike price range from $55.0 to $90.0 in the last 30 days.

Charles Schwab Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SCHW PUT SWEEP BULLISH 09/20/24 $9.05 $9.0 $9.0 $77.50 $126.0K 17 141
SCHW CALL TRADE NEUTRAL 04/26/24 $2.92 $2.83 $2.88 $69.00 $100.8K 706 0
SCHW PUT SWEEP BEARISH 04/19/24 $1.02 $1.0 $1.01 $67.50 $89.0K 3.7K 1.0K
SCHW CALL SWEEP BULLISH 04/19/24 $1.92 $1.87 $1.91 $70.00 $83.2K 9.2K 107
SCHW PUT SWEEP BULLISH 04/26/24 $1.31 $1.27 $1.27 $68.00 $63.5K 987 1.0K

About Charles Schwab

Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.

After a thorough review of the options trading surrounding Charles Schwab, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Present Market Standing of Charles Schwab

  • With a volume of 1,774,293, the price of SCHW is down -0.71% at $70.12.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 3 days.

Professional Analyst Ratings for Charles Schwab

In the last month, 5 experts released ratings on this stock with an average target price of $77.4.

  • An analyst from TD Cowen has elevated its stance to Outperform, setting a new price target at $87.
  • Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Charles Schwab, targeting a price of $75.
  • Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Charles Schwab, targeting a price of $74.
  • An analyst from Morgan Stanley persists with their Equal-Weight rating on Charles Schwab, maintaining a target price of $71.
  • An analyst from JMP Securities has decided to maintain their Market Outperform rating on Charles Schwab, which currently sits at a price target of $80.

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 Charles Schwab with Benzinga Pro for real-time alerts.

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