SL Green Realty Unusual Options Activity For March 17

A whale with a lot of money to spend has taken a noticeably bearish stance on SL Green Realty.

Looking at options history for SL Green Realty SLG we detected 25 strange trades.

If we consider the specifics of each trade, it is accurate to state that 32% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 19 are puts, for a total amount of $1,599,932 and 6, calls, for a total amount of $332,396.

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 $15.0 to $32.5 for SL Green Realty 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 SL Green Realty'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 SL Green Realty's whale activity within a strike price range from $15.0 to $32.5 in the last 30 days.

SL Green Realty 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
SLG PUT SWEEP BEARISH 08/18/23 $25.00 $374.0K 170 798
SLG PUT SWEEP BEARISH 05/19/23 $25.00 $204.8K 10.5K 10.3K
SLG PUT SWEEP BEARISH 08/18/23 $27.50 $182.5K 126 250
SLG PUT TRADE BULLISH 04/21/23 $30.00 $115.5K 2.4K 316
SLG CALL SWEEP BEARISH 08/18/23 $32.50 $95.6K 157 546

Where Is SL Green Realty Standing Right Now?

  • With a volume of 18,527,794, the price of SLG is down -10.42% at $23.55.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 33 days.

What The Experts Say On SL Green Realty:

  • Wells Fargo has decided to maintain their Equal-Weight rating on SL Green Realty, which currently sits at a price target of $26.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on SL Green Realty, which currently sits at a price target of $35.

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 SL Green Realty, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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