Looking At MetLife's Recent Unusual Options Activity

Looking At MetLife's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on MetLife MET.

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

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 13 uncommon options trades for MetLife.

This isn't normal.

The overall sentiment of these big-money traders is split between 61% bullish and 38%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $381,180, and 9 are calls, for a total amount of $830,927.

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 $57.5 to $85.0 for MetLife 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 MetLife'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 MetLife's whale trades within a strike price range from $57.5 to $85.0 in the last 30 days.

MetLife 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
MET CALL SWEEP BEARISH 01/19/24 $80.00 $406.5K 27.4K 528
MET PUT TRADE BEARISH 03/17/23 $57.50 $237.5K 116 2.5K
MET CALL SWEEP BEARISH 01/19/24 $77.50 $134.6K 402 153
MET PUT SWEEP BEARISH 01/19/24 $70.00 $74.5K 446 194
MET CALL SWEEP BEARISH 01/19/24 $80.00 $62.4K 27.4K 959

Where Is MetLife Standing Right Now?

  • With a volume of 1,967,268, the price of MET is up 0.54% at $74.34.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On MetLife:

  • Wells Fargo has decided to maintain their Overweight rating on MetLife, 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 MetLife, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets