High-rolling investors have positioned themselves bullish on KeyCorp KEY, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in KEY often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for KeyCorp. This is not a typical pattern.
The sentiment among these major traders is split, with 75% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $27,945, and 7 calls, totaling $392,363.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $14.0 and $20.0 for KeyCorp, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in KeyCorp's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to KeyCorp's substantial trades, within a strike price spectrum from $14.0 to $20.0 over the preceding 30 days.
KeyCorp 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KEY | CALL | SWEEP | BULLISH | 12/20/24 | $0.82 | $0.79 | $0.82 | $16.00 | $87.5K | 2.2K | 230 |
| KEY | CALL | SWEEP | BEARISH | 12/20/24 | $0.83 | $0.82 | $0.82 | $16.00 | $74.3K | 2.2K | 2.1K |
| KEY | CALL | SWEEP | BULLISH | 12/20/24 | $0.38 | $0.36 | $0.38 | $18.00 | $59.1K | 3.6K | 1.5K |
| KEY | CALL | SWEEP | BULLISH | 12/20/24 | $0.38 | $0.37 | $0.38 | $18.00 | $53.1K | 3.6K | 3.0K |
| KEY | CALL | SWEEP | BULLISH | 09/20/24 | $0.43 | $0.42 | $0.43 | $16.00 | $51.9K | 936 | 1.4K |
About KeyCorp
With assets of over $180 billion, Ohio-based KeyCorp's bank footprint spans 16 states, but it is predominantly concentrated in its two largest markets: Ohio and New York. KeyCorp is primarily focused on serving middle-market commercial clients through a hybrid community/corporate bank model.
In light of the recent options history for KeyCorp, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of KeyCorp
- With a volume of 3,506,039, the price of KEY is up 1.33% at $14.45.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 59 days.
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 KeyCorp options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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