Whales with a lot of money to spend have taken a noticeably bullish stance on Globe Life.
Looking at options history for Globe Life GL we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 29% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $516,964 and 4, calls, for a total amount of $162,110.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $100.0 for Globe Life during the past quarter.
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 Globe Life'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 Globe Life's whale activity within a strike price range from $50.0 to $100.0 in the last 30 days.
Globe Life 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GL | PUT | SWEEP | NEUTRAL | 05/10/24 | $6.9 | $6.0 | $6.0 | $79.00 | $60.0K | 143 | 0 |
| GL | CALL | TRADE | BEARISH | 05/17/24 | $5.8 | $5.6 | $5.6 | $77.00 | $53.7K | 26 | 100 |
| GL | CALL | TRADE | NEUTRAL | 05/03/24 | $23.4 | $19.5 | $21.5 | $55.00 | $51.6K | 0 | 0 |
| GL | PUT | TRADE | BEARISH | 05/17/24 | $2.7 | $2.6 | $2.7 | $65.00 | $48.6K | 2.0K | 21 |
| GL | PUT | SWEEP | BULLISH | 05/17/24 | $4.5 | $4.4 | $4.5 | $75.00 | $45.0K | 1.7K | 123 |
About Globe Life
Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.
In light of the recent options history for Globe Life, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Globe Life
- With a trading volume of 5,086,520, the price of GL is down by -2.79%, reaching $75.91.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 85 days from now.
What Analysts Are Saying About Globe Life
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $110.0.
- An analyst from Wells Fargo persists with their Overweight rating on Globe Life, maintaining a target price of $132.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Hold rating for Globe Life, targeting a price of $125.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Globe Life, targeting a price of $108.
- In a positive move, an analyst from Keefe, Bruyette & Woods has upgraded their rating to Outperform and adjusted the price target to $110.
- An analyst from Evercore ISI Group persists with their In-Line rating on Globe Life, maintaining a target price of $75.
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 Globe Life with Benzinga Pro for real-time 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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