Deep-pocketed investors have adopted a bullish approach towards Air Products & Chemicals APD, 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 APD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Air Products & Chemicals. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 25% bearish. Among these notable options, 6 are puts, totaling $281,380, and 6 are calls, amounting to $235,695.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $240.0 to $270.0 for Air Products & Chemicals over the last 3 months.
Volume & Open Interest Development
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 Air Products & Chemicals'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 Air Products & Chemicals's whale activity within a strike price range from $240.0 to $270.0 in the last 30 days.
Air Products & Chemicals 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APD | PUT | SWEEP | BEARISH | 01/17/25 | $20.9 | $20.5 | $20.9 | $240.00 | $54.3K | 433 | 52 |
| APD | PUT | SWEEP | BULLISH | 01/17/25 | $20.9 | $20.9 | $20.9 | $240.00 | $54.3K | 433 | 26 |
| APD | PUT | SWEEP | BULLISH | 01/17/25 | $21.3 | $21.1 | $21.1 | $240.00 | $52.7K | 433 | 89 |
| APD | PUT | SWEEP | BULLISH | 01/17/25 | $21.4 | $21.1 | $21.1 | $240.00 | $52.7K | 433 | 77 |
| APD | CALL | SWEEP | BEARISH | 01/17/25 | $18.5 | $17.8 | $18.2 | $250.00 | $45.5K | 602 | 44 |
About Air Products & Chemicals
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.6 billion in revenue in fiscal 2023.
Having examined the options trading patterns of Air Products & Chemicals, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Air Products & Chemicals's Current Market Status
- With a trading volume of 775,047, the price of APD is up by 0.52%, reaching $237.3.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 1 days from now.
What The Experts Say On Air Products & Chemicals
In the last month, 1 experts released ratings on this stock with an average target price of $285.0.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Air Products & Chemicals, targeting a price of $285.
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 Air Products & Chemicals, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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