Chubb Unusual Options Activity

Deep-pocketed investors have adopted a bullish approach towards Chubb CB, 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 CB usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Chubb. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $318,250, and 6 are calls, amounting to $503,080.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $270.0 for Chubb during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Chubb options trades today is 274.0 with a total volume of 3,296.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Chubb's big money trades within a strike price range of $240.0 to $270.0 over the last 30 days.

Chubb Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CB PUT TRADE BEARISH 06/21/24 $2.1 $1.85 $2.1 $265.00 $236.2K 885 1.2K
CB CALL SWEEP BULLISH 06/20/25 $30.0 $28.7 $30.0 $265.00 $120.0K 2 56
CB CALL SWEEP BULLISH 01/16/26 $40.3 $39.3 $40.0 $260.00 $108.0K 31 27
CB CALL TRADE BULLISH 01/16/26 $53.4 $50.1 $53.4 $240.00 $106.8K 7 0
CB PUT TRADE BEARISH 06/21/24 $2.1 $1.9 $2.05 $265.00 $81.9K 885 1.6K

About Chubb

ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.

Chubb's Current Market Status

  • With a volume of 535,451, the price of CB is up 1.54% at $267.81.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 46 days.

What Analysts Are Saying About Chubb

1 market experts have recently issued ratings for this stock, with a consensus target price of $266.0.

  • In a positive move, an analyst from B of A Securities has upgraded their rating to Neutral and adjusted the price target to $266.

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 Chubb, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...