Deep-pocketed investors have adopted a bearish approach towards Icon ICLR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ICLR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Icon. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 20% leaning bullish and 80% bearish. Among these notable options, 5 are puts, totaling $226,355, and 5 are calls, amounting to $143,362.
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 $280.0 to $310.0 for Icon during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Icon stands at 1.0, with a total volume reaching 1,030.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Icon, situated within the strike price corridor from $280.0 to $310.0, throughout the last 30 days.
Icon 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ICLR | PUT | SWEEP | BEARISH | 05/17/24 | $5.6 | $5.1 | $5.6 | $280.00 | $70.0K | 1 | 0 |
| ICLR | PUT | SWEEP | BEARISH | 05/17/24 | $6.3 | $6.2 | $6.3 | $280.00 | $44.1K | 1 | 125 |
| ICLR | PUT | SWEEP | BEARISH | 05/17/24 | $6.5 | $6.1 | $6.5 | $280.00 | $39.6K | 1 | 311 |
| ICLR | PUT | SWEEP | BEARISH | 05/17/24 | $6.9 | $6.9 | $6.9 | $280.00 | $37.9K | 1 | 317 |
| ICLR | PUT | SWEEP | BEARISH | 05/17/24 | $6.6 | $6.3 | $6.3 | $280.00 | $34.6K | 1 | 250 |
About Icon
Icon is a global late-stage contract research organization that provides drug development and clinical trial services to pharmaceutical, biotechnology, and medical-device firms. While the vast majority of its revenue comes from clinical research, Icon also offers ancillary services such as laboratory and imaging capabilities. The company is headquartered in Ireland.
Having examined the options trading patterns of Icon, 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 Icon
- With a volume of 439,648, the price of ICLR is down 0.0% at $299.12.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 8 days.
What Analysts Are Saying About Icon
In the last month, 2 experts released ratings on this stock with an average target price of $354.0.
- In a cautious move, an analyst from Mizuho downgraded its rating to Buy, setting a price target of $346.
- An analyst from Baird persists with their Outperform rating on Icon, maintaining a target price of $362.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Icon, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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