Someone with a lot of money to spend has taken a bullish stance on C3.ai AI.
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 AI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 15 options trades for C3.ai.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $35,000, and 14, calls, for a total amount of $1,088,938..
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 $19.0 to $45.0 for C3.ai over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for C3.ai options trades today is 5141.3 with a total volume of 10,060.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for C3.ai's big money trades within a strike price range of $19.0 to $45.0 over the last 30 days.
C3.ai 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 |
|---|---|---|---|---|---|---|---|---|
| AI | CALL | SWEEP | NEUTRAL | 05/26/23 | $23.00 | $169.0K | 527 | 1.1K |
| AI | CALL | SWEEP | BEARISH | 05/26/23 | $23.00 | $148.0K | 527 | 1.6K |
| AI | CALL | SWEEP | NEUTRAL | 07/21/23 | $25.00 | $129.1K | 16.2K | 655 |
| AI | CALL | SWEEP | BEARISH | 07/21/23 | $20.00 | $100.9K | 6.1K | 353 |
| AI | CALL | SWEEP | BULLISH | 07/21/23 | $30.00 | $87.4K | 12.3K | 1.2K |
Where Is C3.ai Standing Right Now?
- With a volume of 12,552,425, the price of AI is up 11.14% at $28.09.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 9 days.
What The Experts Say On C3.ai:
- Wolfe Research downgraded its action to Underperform with a price target of $14
- Piper Sandler downgraded its action to Neutral with a price target of $23
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 C3.ai, 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 |
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