A whale with a lot of money to spend has taken a noticeably bearish stance on Horizon Therapeutics.
Looking at options history for Horizon Therapeutics HZNP we detected 41 strange trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 28 are puts, for a total amount of $1,457,931 and 13, calls, for a total amount of $2,039,774.
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 $110.0 for Horizon Therapeutics over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Horizon Therapeutics options trades today is 5451.92 with a total volume of 24,878.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Horizon Therapeutics's big money trades within a strike price range of $55.0 to $110.0 over the last 30 days.
Horizon Therapeutics 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 |
|---|---|---|---|---|---|---|---|---|
| HZNP | CALL | SWEEP | BEARISH | 09/15/23 | $95.00 | $440.4K | 200 | 1.5K |
| HZNP | PUT | TRADE | BEARISH | 01/19/24 | $70.00 | $330.0K | 14.2K | 1.0K |
| HZNP | CALL | SWEEP | BEARISH | 09/15/23 | $95.00 | $312.5K | 200 | 1.0K |
| HZNP | CALL | SWEEP | BEARISH | 09/15/23 | $95.00 | $303.0K | 200 | 750 |
| HZNP | CALL | SWEEP | BEARISH | 09/15/23 | $95.00 | $302.6K | 200 | 250 |
Where Is Horizon Therapeutics Standing Right Now?
- With a volume of 882,854, the price of HZNP is down -0.07% at $100.5.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 71 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 Horizon Therapeutics, Benzinga Pro gives you real-time options trades alerts.
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