Investors with a lot of money to spend have taken a bearish stance on Charles Schwab (NYSE:SCHW).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with SCHW, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 21 options trades for Charles Schwab.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 38%, bearish.
Out of all of the options we uncovered, 20 are puts, for a total amount of $1,124,207, and there was 1 call, for a total amount of $80,025.
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 $62.5 to $73.0 for Charles Schwab over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Charles Schwab's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Charles Schwab's significant trades, within a strike price range of $62.5 to $73.0, over the past month.
Charles Schwab 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
About Charles Schwab
In light of the recent options history for Charles Schwab, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Charles Schwab
- Currently trading with a volume of 369,356, the SCHW's price is up by 0.16%, now at $71.35.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 34 days.
What The Experts Say On Charles Schwab
1 market experts have recently issued ratings for this stock, with a consensus target price of $91.0.
Turn $1000 into $1270 in just 20 days?
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 Charles Schwab with Benzinga Pro for real-time alerts.
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