HP Whale Trades For May 17

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

Looking at options history for HP HPQ we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $1,084,962 and 4, calls, for a total amount of $425,950.

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 $30.0 to $42.0 for HP 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 HP'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 HP's whale activity within a strike price range from $30.0 to $42.0 in the last 30 days.

HP 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
HPQ PUT TRADE BEARISH 06/17/22 $40.00 $269.0K 14.3K 3.8K
HPQ CALL TRADE BULLISH 08/19/22 $30.00 $250.0K 257 250
HPQ PUT SWEEP BEARISH 06/17/22 $40.00 $182.6K 14.3K 2.4K
HPQ PUT SWEEP BEARISH 06/17/22 $40.00 $178.8K 14.3K 940
HPQ PUT SWEEP BEARISH 06/17/22 $40.00 $137.2K 14.3K 1.4K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
HPQ PUT TRADE BEARISH 06/17/22 $40.00 $269.0K 14.3K 3.8K
HPQ CALL TRADE BULLISH 08/19/22 $30.00 $250.0K 257 250
HPQ PUT SWEEP BEARISH 06/17/22 $40.00 $182.6K 14.3K 2.4K
HPQ PUT SWEEP BEARISH 06/17/22 $40.00 $178.8K 14.3K 940
HPQ PUT SWEEP BEARISH 06/17/22 $40.00 $137.2K 14.3K 1.4K

Where Is HP Standing Right Now?

  • With a volume of 5,761,868, the price of HPQ is up 4.89% at $39.34.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 14 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 want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets