A whale with a lot of money to spend has taken a noticeably bullish stance on C3.ai.
Looking at options history for C3.ai AI we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $186,580 and 8, calls, for a total amount of $317,080.
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 $20.0 to $75.0 for C3.ai 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 C3.ai'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 C3.ai's whale trades within a strike price range from $20.0 to $75.0 in 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 | PUT | SWEEP | BULLISH | 07/21/23 | $30.00 | $116.5K | 5.5K | 106 |
| AI | CALL | SWEEP | BULLISH | 01/19/24 | $75.00 | $65.0K | 6.1K | 1.2K |
| AI | CALL | SWEEP | BULLISH | 07/21/23 | $25.00 | $48.4K | 17.2K | 264 |
| AI | CALL | TRADE | BULLISH | 07/21/23 | $25.00 | $45.9K | 17.2K | 438 |
| AI | PUT | TRADE | NEUTRAL | 01/19/24 | $20.00 | $40.9K | 5.6K | 111 |
Where Is C3.ai Standing Right Now?
- With a volume of 16,613,865, the price of AI is down -0.11% at $27.84.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 8 days.
What The Experts Say On C3.ai:
- Piper Sandler downgraded its action to Neutral with a price target of $23
- Wolfe Research downgraded its action to Underperform with a price target of $14
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.
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