What Are Whales Doing With AbbVie

What Are Whales Doing With AbbVie

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

Looking at options history for AbbVie ABBV we detected 16 strange trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $344,185 and 9, calls, for a total amount of $394,170.

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 $130.0 to $165.0 for AbbVie over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for AbbVie options trades today is 2522.6 with a total volume of 1,771.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for AbbVie's big money trades within a strike price range of $130.0 to $165.0 over the last 30 days.

AbbVie 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
ABBV CALL TRADE BULLISH 10/21/22 $130.00 $116.9K 102 100
ABBV PUT TRADE BEARISH 09/16/22 $165.00 $113.7K 33 44
ABBV CALL SWEEP BULLISH 10/21/22 $140.00 $75.6K 2.0K 201
ABBV PUT SWEEP BEARISH 11/18/22 $140.00 $52.6K 2.6K 136
ABBV PUT SWEEP BEARISH 10/21/22 $140.00 $49.4K 535 210

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ABBV CALL TRADE BULLISH 10/21/22 $130.00 $116.9K 102 100
ABBV PUT TRADE BEARISH 09/16/22 $165.00 $113.7K 33 44
ABBV CALL SWEEP BULLISH 10/21/22 $140.00 $75.6K 2.0K 201
ABBV PUT SWEEP BEARISH 11/18/22 $140.00 $52.6K 2.6K 136
ABBV PUT SWEEP BEARISH 10/21/22 $140.00 $49.4K 535 210

Where Is AbbVie Standing Right Now?

  • With a volume of 1,219,759, the price of ABBV is up 1.04% at $140.15.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 50 days.

What The Experts Say On AbbVie:

  • Argus Research has decided to maintain their Buy rating on AbbVie, which currently sits at a price target of $155.

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

Posted In: BZI-UOAOptionsMarkets