This Is What Whales Are Betting On Humana

This Is What Whales Are Betting On Humana

Someone with a lot of money to spend has taken a bearish stance on Humana HUM.

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

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

This isn't normal.

The overall sentiment of these big-money traders is split between 32% bullish and 67%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $25,284, and 30, calls, for a total amount of $2,107,587..

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 $450.0 to $570.0 for Humana over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Humana options trades today is 307.5 with a total volume of 4,644.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Humana's big money trades within a strike price range of $450.0 to $570.0 over the last 30 days.

Humana 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
HUM CALL SWEEP BULLISH 09/16/22 $475.00 $222.4K 531 118
HUM CALL SWEEP BULLISH 09/16/22 $460.00 $200.2K 646 65
HUM CALL TRADE BEARISH 09/16/22 $450.00 $187.2K 202 77
HUM CALL SWEEP BULLISH 09/16/22 $460.00 $159.0K 646 115
HUM CALL SWEEP BULLISH 09/16/22 $475.00 $115.2K 531 166

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
HUM CALL SWEEP BULLISH 09/16/22 $475.00 $222.4K 531 118
HUM CALL SWEEP BULLISH 09/16/22 $460.00 $200.2K 646 65
HUM CALL TRADE BEARISH 09/16/22 $450.00 $187.2K 202 77
HUM CALL SWEEP BULLISH 09/16/22 $460.00 $159.0K 646 115
HUM CALL SWEEP BULLISH 09/16/22 $475.00 $115.2K 531 166

Where Is Humana Standing Right Now?

  • With a volume of 1,104,392, the price of HUM is up 6.85% at $490.29.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 48 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 Humana, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets