Check Out What Whales Are Doing With HOG

Someone with a lot of money to spend has taken a bullish stance on Harley-Davidson HOG.

And retail traders should know.

We noticed this today when the big position 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 HOG, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades for Harley-Davidson.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $348,500, and 11, calls, for a total amount of $862,878..

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 $34.0 to $39.0 for Harley-Davidson over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Harley-Davidson options trades today is 699.6 with a total volume of 14,565.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Harley-Davidson's big money trades within a strike price range of $34.0 to $39.0 over the last 30 days.

Harley-Davidson Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Harley-Davidson Standing Right Now?

• With a volume of 1,227,407, the price of HOG is up 1.65% at $36.34.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 1 days.

What The Experts Say On Harley-Davidson:

• Morgan Stanley upgraded its action to Equal-Weight with a price target of $40

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.