Looking At Northrop Grumman's Recent Unusual Options Activity

Looking At Northrop Grumman's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Northrop Grumman NOC.

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 NOC, 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 Northrop Grumman.

This isn't normal.

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

Out of all of the special options we uncovered, 6 are puts, for a total amount of $266,300, and 7 are calls, for a total amount of $843,623.

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 $400.0 to $555.0 for Northrop Grumman 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 Northrop Grumman'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 Northrop Grumman's whale activity within a strike price range from $400.0 to $555.0 in the last 30 days.

Northrop Grumman 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
NOC CALL SWEEP BEARISH 06/16/23 $490.00 $249.8K 162 100
NOC CALL TRADE NEUTRAL 01/17/25 $400.00 $243.5K 100 20
NOC CALL SWEEP BULLISH 01/17/25 $400.00 $126.0K 100 30
NOC CALL SWEEP BEARISH 05/19/23 $540.00 $103.9K 193 140
NOC CALL SWEEP BEARISH 01/19/24 $460.00 $62.0K 36 10

Where Is Northrop Grumman Standing Right Now?

  • With a volume of 1,331,862, the price of NOC is down -5.71% at $460.12.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 13 days.

What The Experts Say On Northrop Grumman:

  • Morgan Stanley has decided to maintain their Overweight rating on Northrop Grumman, which currently sits at a price target of $626.
  • Credit Suisse has decided to maintain their Outperform rating on Northrop Grumman, which currently sits at a price target of $540.
  • Goldman Sachs downgraded its action to Sell with a price target of $375

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 Northrop Grumman, Benzinga Pro gives you real-time options trades alerts.

Posted In: OptionsMarketsBZI-UOA