Looking At Blink Charging's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Blink Charging BLNK.

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 BLNK, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 31 options trades for Blink Charging.

This isn't normal.

The overall sentiment of these big-money traders is split between 9% bullish and 90%, bearish.

Out of all of the options we uncovered, 30 are puts, for a total amount of $1,706,032, and there was 1 call, for a total amount of $29,200.

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 $10.0 to $24.0 for Blink Charging over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Blink Charging'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 Blink Charging's whale activity within a strike price range from $10.0 to $24.0 in the last 30 days.

Blink Charging 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
BLNK PUT SWEEP BEARISH 06/17/22 $24.00 $156.0K 5.7K 300
BLNK PUT SWEEP BEARISH 06/17/22 $24.00 $148.6K 5.7K 3.1K
BLNK PUT SWEEP BEARISH 06/17/22 $24.00 $142.5K 5.7K 3.5K
BLNK PUT SWEEP BEARISH 06/17/22 $24.00 $116.3K 5.7K 4.2K
BLNK PUT SWEEP BEARISH 06/17/22 $24.00 $81.2K 5.7K 2.5K

Where Is Blink Charging Standing Right Now?

  • With a volume of 1,279,293, the price of BLNK is up 4.01% at $24.65.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 17 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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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