Whales with a lot of money to spend have taken a noticeably bearish stance on Nutanix.
Looking at options history for Nutanix NTNX we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 88% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $103,904 and 7, calls, for a total amount of $427,750.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.5 to $72.5 for Nutanix over the last 3 months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Nutanix's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Nutanix's significant trades, within a strike price range of $37.5 to $72.5, over the past month.
Nutanix Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NTNX | CALL | SWEEP | BEARISH | 12/20/24 | $5.2 | $5.0 | $5.0 | $72.50 | $125.0K | 200 | 0 |
| NTNX | PUT | SWEEP | BEARISH | 12/20/24 | $2.95 | $2.55 | $2.95 | $47.50 | $72.0K | 500 | 0 |
| NTNX | CALL | SWEEP | BEARISH | 10/18/24 | $4.3 | $4.0 | $4.1 | $72.50 | $70.5K | 165 | 0 |
| NTNX | CALL | TRADE | BULLISH | 06/21/24 | $11.4 | $11.4 | $11.4 | $50.00 | $57.0K | 606 | 50 |
| NTNX | CALL | SWEEP | BEARISH | 04/19/24 | $22.1 | $21.9 | $21.98 | $37.50 | $52.7K | 719 | 0 |
About Nutanix
Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization, and storage into a resilient, and software-defined solution. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.
Where Is Nutanix Standing Right Now?
- Currently trading with a volume of 1,127,914, the NTNX's price is down by -2.2%, now at $59.38.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 34 days.
Expert Opinions on Nutanix
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $69.0.
- An analyst from Susquehanna persists with their Positive rating on Nutanix, maintaining a target price of $75.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Nutanix, targeting a price of $63.
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 Nutanix, 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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