Check Out What Whales Are Doing With BTU

Check Out What Whales Are Doing With BTU

 

Someone with a lot of money to spend has taken a bearish stance on Peabody Energy BTU.

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

Today, Benzinga's options scanner spotted 11 options trades for Peabody Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 27% bullish and 72%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $64,020, and 10, calls, for a total amount of $454,510..

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 $19.0 to $20.0 for Peabody Energy over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Peabody Energy options trades today is 7274.25 with a total volume of 7,968.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Peabody Energy's big money trades within a strike price range of $19.0 to $20.0 over the last 30 days.

Peabody Energy 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
BTU CALL TRADE NEUTRAL 08/19/22 $20.00 $127.5K 16.4K 1.5K
BTU CALL SWEEP BULLISH 08/19/22 $20.00 $107.0K 16.4K 1.8K
BTU PUT SWEEP BULLISH 10/21/22 $20.00 $64.0K 3.1K 200
BTU CALL TRADE BEARISH 10/21/22 $20.00 $38.0K 7.9K 281
BTU CALL TRADE BEARISH 10/21/22 $20.00 $30.0K 7.9K 120

Where Is Peabody Energy Standing Right Now?

  • With a volume of 1,987,798, the price of BTU is up 1.19% at $19.53.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 80 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 Peabody Energy, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets