A whale with a lot of money to spend has taken a noticeably bearish stance on Silvergate Capital.
Looking at options history for Silvergate Capital SI we detected 26 strange trades.
If we consider the specifics of each trade, it is accurate to state that 34% of the investors opened trades with bullish expectations and 65% with bearish.
From the overall spotted trades, 23 are puts, for a total amount of $1,059,937 and 3, calls, for a total amount of $177,120.
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 $2.0 to $340.0 for Silvergate Capital over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Silvergate Capital options trades today is 8572.33 with a total volume of 35,438.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Silvergate Capital's big money trades within a strike price range of $2.0 to $340.0 over the last 30 days.
Silvergate Capital 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 |
|---|---|---|---|---|---|---|---|---|
| SI | PUT | SWEEP | BULLISH | 03/17/23 | $2.00 | $105.3K | 35.1K | 4.7K |
| SI | CALL | SWEEP | BULLISH | 03/17/23 | $2.00 | $90.0K | 1.4K | 4.6K |
| SI | PUT | TRADE | BEARISH | 01/19/24 | $90.00 | $88.0K | 10 | 0 |
| SI | PUT | SWEEP | BEARISH | 04/21/23 | $7.50 | $81.0K | 6.8K | 2.3K |
| SI | PUT | SWEEP | BEARISH | 03/17/23 | $4.00 | $59.8K | 9.1K | 42 |
Where Is Silvergate Capital Standing Right Now?
- With a volume of 27,699,658, the price of SI is up 5.36% at $2.65.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 36 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 Silvergate Capital, Benzinga Pro gives you real-time options trades alerts.
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