Looking at options activity for Plug Power PLUG we detected 23 unusual trades. Considering the specifics of each trade, it is accurate to state that 60.87% of the investors opened trades with bullish expectations and 39.13% with bearish. From the overall spotted trades, 12 are puts, for a total amount of $1,290,346 and 11, calls, for a total amount of $592,464.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $20.0 to $30.0 for Plug Power in the over the last 3 months.
Volume & Open Interest Development
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 Plug Power'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 Plug Power's smart money trades within a strike price range from $20.0 to $30.0 in the last 30 days.
Plug Power Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PLUG | PUT | SWEEP | BULLISH | 03/18/22 | $22.50 | $157.2K | 12.9K | 4.7K |
| PLUG | PUT | SWEEP | BULLISH | 03/18/22 | $22.50 | $238.4K | 12.9K | 4.1K |
| PLUG | PUT | SWEEP | BULLISH | 03/18/22 | $22.50 | $82.9K | 12.9K | 4.8K |
| PLUG | PUT | SWEEP | BULLISH | 03/18/22 | $22.50 | $92.0K | 12.9K | 3.2K |
| PLUG | PUT | SWEEP | BULLISH | 03/18/22 | $22.50 | $157.9K | 12.9K | 1.6K |
Where Is Plug Power Standing Right Now?
- With a volume of 9,534,865, the price of PLUG is up 3.51% over the last 24 hours at $25.06.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 55 days.
What The Experts Say On Plug Power:
- Wolfe Research downgraded its action to Outperform saying the stock has the potential to tumble 35.67% to a target of $34.0
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
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