SVB Finl Gr Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on SVB Finl Gr SIVB.

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 SIVB, 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 20 uncommon options trades for SVB Finl Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 18 are puts, for a total amount of $1,910,582, and 2 are calls, for a total amount of $60,725.

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 $125.0 to $270.0 for SVB Finl Gr over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for SVB Finl Gr'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 SVB Finl Gr's whale activity within a strike price range from $125.0 to $270.0 in the last 30 days.

SVB Finl Gr Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is SVB Finl Gr Standing Right Now?

• With a volume of 511,853, the price of SIVB is down -5.5% at $222.13.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 63 days.

What The Experts Say On SVB Finl Gr:

• Wells Fargo has decided to maintain their Overweight rating on SVB Finl Gr, which currently sits at a price target of $400.
• Barclays has decided to maintain their Equal-Weight rating on SVB Finl Gr, which currently sits at a price target of $411.
• Raymond James has decided to maintain their Outperform rating on SVB Finl Gr, which currently sits at a price target of $345.
• Piper Sandler downgraded its action to Neutral with a price target of $265
• RBC Capital has decided to maintain their Outperform rating on SVB Finl Gr, which currently sits at a price target of $350.

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 SVB Finl Gr, Benzinga Pro gives you real-time options trades alerts.