Novartis Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on Novartis.

Looking at options history for Novartis NVS we detected 17 strange trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $520,580 and 13, calls, for a total amount of $593,265.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $82.5 to $97.5 for Novartis 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 Novartis'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 Novartis's whale trades within a strike price range from $82.5 to $97.5 in the last 30 days.

Novartis Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NVS PUT TRADE BEARISH 07/15/22 $97.50 $319.9K 385 1
NVS PUT SWEEP BEARISH 07/15/22 $97.50 $113.0K 385 269
NVS CALL SWEEP BULLISH 02/18/22 $85.00 $83.6K 1.6K 220
NVS CALL SWEEP BULLISH 07/15/22 $90.00 $78.5K 575 314
NVS PUT SWEEP BEARISH 07/15/22 $97.50 $57.9K 385 372

Where Is Novartis Standing Right Now?

  • With a volume of 2,462,557, the price of NVS is up 1.24% at $87.98.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 1 days.

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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Posted In: OptionsMarketsBZI-UOA
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