Big Lots Whale Trades Spotted

Big Lots Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Big Lots BIG.

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

Today, Benzinga's options scanner spotted 10 options trades for Big Lots.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the options we uncovered, 9 are puts, for a total amount of $1,530,681, and there was 1 call, for a total amount of $42,350.

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 $15.0 to $20.0 for Big Lots 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 Big Lots'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 Big Lots's whale trades within a strike price range from $15.0 to $20.0 in the last 30 days.

Big Lots 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
BIG PUT SWEEP BULLISH 04/21/23 $15.00 $500.1K 5.5K 1.6K
BIG PUT SWEEP BEARISH 04/21/23 $15.00 $298.8K 5.5K 3.7K
BIG PUT SWEEP BULLISH 04/21/23 $15.00 $279.3K 5.5K 1.6K
BIG PUT SWEEP BULLISH 01/20/23 $17.50 $207.8K 1.1K 636
BIG PUT SWEEP BULLISH 01/20/23 $17.50 $128.7K 1.1K 636

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BIG PUT SWEEP BULLISH 04/21/23 $15.00 $500.1K 5.5K 1.6K
BIG PUT SWEEP BEARISH 04/21/23 $15.00 $298.8K 5.5K 3.7K
BIG PUT SWEEP BULLISH 04/21/23 $15.00 $279.3K 5.5K 1.6K
BIG PUT SWEEP BULLISH 01/20/23 $17.50 $207.8K 1.1K 636
BIG PUT SWEEP BULLISH 01/20/23 $17.50 $128.7K 1.1K 636

Where Is Big Lots Standing Right Now?

  • With a volume of 1,200,514, the price of BIG is down -10.27% at $16.2.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 64 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 Big Lots, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets