Deep-pocketed investors have adopted a bullish approach towards Tenet Healthcare THC, 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 THC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 26 extraordinary options activities for Tenet Healthcare. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 73% leaning bullish and 23% bearish. Among these notable options, 4 are puts, totaling $160,490, and 22 are calls, amounting to $1,927,512.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $150.0 for Tenet Healthcare, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Tenet Healthcare'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 Tenet Healthcare's whale trades within a strike price range from $120.0 to $150.0 in the last 30 days.
Tenet Healthcare Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| THC | CALL | SWEEP | NEUTRAL | 01/17/25 | $15.9 | $15.5 | $15.51 | $125.00 | $178.3K | 186 | 400 |
| THC | CALL | TRADE | BULLISH | 01/17/25 | $16.5 | $16.1 | $16.5 | $125.00 | $165.0K | 186 | 0 |
| THC | CALL | TRADE | BULLISH | 01/17/25 | $15.6 | $15.5 | $15.6 | $125.00 | $156.0K | 186 | 917 |
| THC | CALL | TRADE | BULLISH | 01/17/25 | $15.6 | $15.3 | $15.6 | $125.00 | $156.0K | 186 | 617 |
| THC | CALL | SWEEP | BULLISH | 01/17/25 | $15.2 | $15.1 | $15.2 | $125.00 | $152.0K | 186 | 1.0K |
About Tenet Healthcare
Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (about 60 as of December 2023) and over 450 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.
Having examined the options trading patterns of Tenet Healthcare, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Tenet Healthcare Standing Right Now?
- Currently trading with a volume of 921,832, the THC's price is down by -1.39%, now at $122.35.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 82 days.
Professional Analyst Ratings for Tenet Healthcare
5 market experts have recently issued ratings for this stock, with a consensus target price of $127.2.
- Maintaining their stance, an analyst from Stephens & Co. continues to hold a Equal-Weight rating for Tenet Healthcare, targeting a price of $122.
- An analyst from Mizuho downgraded its action to Buy with a price target of $130.
- An analyst from Truist Securities has revised its rating downward to Buy, adjusting the price target to $130.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $104.
- An analyst from UBS persists with their Buy rating on Tenet Healthcare, maintaining a target price of $150.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Tenet Healthcare options trades with real-time alerts from Benzinga Pro.
© 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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