Moderna Whale Trades Spotted

Moderna Whale Trades Spotted

 

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

Looking at options history for Moderna MRNA 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, 6 are puts, for a total amount of $309,795 and 8, calls, for a total amount of $575,742.

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 $120.0 to $300.0 for Moderna 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 Moderna'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 Moderna's whale trades within a strike price range from $120.0 to $300.0 in the last 30 days.

Moderna 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
MRNA CALL SWEEP BULLISH 01/20/23 $210.00 $346.5K 1.0K 160
MRNA PUT TRADE BEARISH 08/19/22 $185.00 $86.0K 356 103
MRNA PUT SWEEP BEARISH 09/16/22 $185.00 $67.5K 790 77
MRNA PUT SWEEP BULLISH 09/16/22 $300.00 $57.2K 270 5
MRNA CALL SWEEP BEARISH 09/16/22 $170.00 $49.2K 1.3K 522

Where Is Moderna Standing Right Now?

  • With a volume of 2,164,875, the price of MRNA is down -1.55% at $183.95.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 87 days.

What The Experts Say On Moderna:

  • Morgan Stanley has decided to maintain their Equal-Weight rating on Moderna, which currently sits at a price target of $197.
  • SVB Leerink has decided to maintain their Underperform rating on Moderna, which currently sits at a price target of $77.
  • SVB Leerink has decided to maintain their Underperform rating on Moderna, which currently sits at a price target of $74.

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 Moderna, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets