Someone with a lot of money to spend has taken a bullish stance on Cal-Maine Foods CALM.
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 CALM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 15 options trades for Cal-Maine Foods.
This isn't normal.
The overall sentiment of these big-money traders is split between 80% bullish and 20%, bearish.
Out of all of the options we uncovered, 14 are puts, for a total amount of $742,910, and there was 1 call, for a total amount of $26,500.
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 $55.0 to $65.0 for Cal-Maine Foods over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Cal-Maine Foods options trades today is 1127.0 with a total volume of 14,087.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cal-Maine Foods's big money trades within a strike price range of $55.0 to $65.0 over the last 30 days.
Cal-Maine Foods 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 |
|---|---|---|---|---|---|---|---|---|
| CALM | PUT | SWEEP | BEARISH | 05/19/23 | $65.00 | $179.8K | 1.6K | 212 |
| CALM | PUT | TRADE | BULLISH | 05/19/23 | $65.00 | $78.0K | 1.6K | 878 |
| CALM | PUT | TRADE | BULLISH | 05/19/23 | $65.00 | $75.0K | 1.6K | 1.2K |
| CALM | PUT | TRADE | BULLISH | 05/19/23 | $65.00 | $41.6K | 1.6K | 678 |
| CALM | PUT | TRADE | BULLISH | 05/19/23 | $65.00 | $41.5K | 1.6K | 426 |
Where Is Cal-Maine Foods Standing Right Now?
- With a volume of 1,636,630, the price of CALM is up 11.15% at $60.32.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 111 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 Cal-Maine Foods, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
