Benzinga's options scanner just detected over 10 options trades for Paramount Global PARA summing a total amount of $600,629.
At the same time, our algo caught 4 for a total amount of 362,999.
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 $7.0 and $14.0 for Paramount Global, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Paramount Global options trades today is 4038.5 with a total volume of 20,036.00.
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 $7.0 to $14.0 over the last 30 days.
Paramount Global 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PARA | PUT | TRADE | BULLISH | 04/26/24 | $0.17 | $0.15 | $0.15 | $10.00 | $195.0K | 8.7K | 15.0K |
| PARA | CALL | TRADE | BEARISH | 06/21/24 | $0.47 | $0.43 | $0.44 | $14.00 | $180.4K | 7.9K | 4.1K |
| PARA | CALL | SWEEP | BULLISH | 01/16/26 | $3.4 | $3.05 | $3.4 | $10.00 | $91.4K | 5.8K | 0 |
| PARA | PUT | SWEEP | BULLISH | 06/21/24 | $3.75 | $3.65 | $3.65 | $14.00 | $69.3K | 1.1K | 190 |
| PARA | PUT | SWEEP | BULLISH | 06/21/24 | $3.7 | $3.65 | $3.65 | $14.00 | $66.4K | 1.1K | 197 |
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.
After a thorough review of the options trading surrounding Paramount Global, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Paramount Global Standing Right Now?
- With a volume of 3,499,338, the price of PARA is up 1.2% at $10.55.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 12 days.
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 Paramount Global with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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