Peabody Energy Unusual Options Activity For November 29

Peabody Energy Unusual Options Activity For November 29

Someone with a lot of money to spend has taken a bullish stance on Peabody Energy BTU.

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

Today, Benzinga's options scanner spotted 20 options trades for Peabody Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $27,260, and 19, calls, for a total amount of $2,157,220..

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 $20.0 to $32.0 for Peabody Energy 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 Peabody Energy'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 Peabody Energy's whale trades within a strike price range from $20.0 to $32.0 in the last 30 days.

Peabody Energy 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
BTU CALL SWEEP BEARISH 01/20/23 $25.00 $373.7K 9.7K 42
BTU CALL SWEEP BEARISH 01/20/23 $25.00 $360.0K 9.7K 2.0K
BTU CALL SWEEP BEARISH 01/20/23 $25.00 $355.0K 9.7K 1.5K
BTU CALL TRADE BULLISH 01/20/23 $25.00 $288.0K 9.7K 1.0K
BTU CALL SWEEP BEARISH 12/02/22 $29.00 $236.2K 1.3K 1.1K

Where Is Peabody Energy Standing Right Now?

  • With a volume of 1,419,155, the price of BTU is up 6.33% at $31.23.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 72 days.

What The Experts Say On Peabody Energy:

  • BMO Capital has decided to maintain their Market Perform rating on Peabody Energy, which currently sits at a price target of $31.

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

Posted In: BZI-UOAOptionsMarkets