Whales with a lot of money to spend have taken a noticeably bearish stance on Futu Hldgs.
Looking at options history for Futu Hldgs FUTU we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $324,198 and 4, calls, for a total amount of $281,670.
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 $50.0 to $76.0 for Futu Hldgs over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Futu Hldgs options trades today is 243.33 with a total volume of 4,220.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Futu Hldgs's big money trades within a strike price range of $50.0 to $76.0 over the last 30 days.
Futu Hldgs 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FUTU | PUT | SWEEP | BEARISH | 06/21/24 | $5.25 | $5.0 | $5.05 | $70.00 | $101.0K | 659 | 0 |
| FUTU | CALL | SWEEP | BEARISH | 05/24/24 | $20.25 | $19.95 | $19.95 | $50.00 | $93.7K | 300 | 50 |
| FUTU | CALL | SWEEP | BULLISH | 05/24/24 | $1.96 | $1.32 | $1.76 | $76.00 | $88.4K | 5 | 0 |
| FUTU | PUT | TRADE | BEARISH | 06/21/24 | $5.75 | $5.6 | $5.74 | $70.00 | $86.1K | 659 | 1.7K |
| FUTU | CALL | SWEEP | BEARISH | 05/10/24 | $15.15 | $15.0 | $15.0 | $55.00 | $73.4K | 97 | 50 |
About Futu Hldgs
Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services.
Where Is Futu Hldgs Standing Right Now?
- Currently trading with a volume of 1,296,505, the FUTU's price is up by 7.57%, now at $68.95.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 20 days.
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 Futu Hldgs, 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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