Morgan Stanley Unusual Options Activity For May 10

Someone with a lot of money to spend has taken a bullish stance on Morgan Stanley MS.

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 MS, 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 25 uncommon options trades for Morgan Stanley.

This isn't normal.

The overall sentiment of these big-money traders is split between 52% bullish and 48%, bearish.

Out of all of the special options we uncovered, 16 are puts, for a total amount of $956,524, and 9 are calls, for a total amount of $489,620.

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 $60.0 to $92.5 for Morgan Stanley 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 Morgan Stanley'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 Morgan Stanley's whale trades within a strike price range from $60.0 to $92.5 in the last 30 days.

Morgan Stanley 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
MS PUT TRADE BEARISH 06/21/24 $65.00 $200.0K 1.1K 559
MS CALL SWEEP BULLISH 11/17/23 $92.50 $107.9K 455 0
MS PUT SWEEP BULLISH 09/15/23 $90.00 $88.3K 4.5K 660
MS PUT SWEEP BULLISH 09/15/23 $90.00 $87.9K 4.5K 223
MS PUT SWEEP BULLISH 06/21/24 $80.00 $80.5K 7.6K 102

Where Is Morgan Stanley Standing Right Now?

  • With a volume of 1,455,829, the price of MS is down -0.88% at $83.63.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 69 days.

What The Experts Say On Morgan Stanley:

  • BMO Capital has decided to maintain their Outperform rating on Morgan Stanley, which currently sits at a price target of $104.
  • Oppenheimer has decided to maintain their Outperform rating on Morgan Stanley, which currently sits at a price target of $103.
  • Citigroup has decided to maintain their Neutral rating on Morgan Stanley, which currently sits at a price target of $95.
  • Barclays has decided to maintain their Overweight rating on Morgan Stanley, which currently sits at a price target of $112.
  • CFRA downgraded its action to Strong Buy with a price target of $105

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 Morgan Stanley, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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