Futu Hldgs Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on Futu Hldgs.

Looking at options history for Futu Hldgs FUTU we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $348,703 and 5, calls, for a total amount of $311,864.

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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 $40.0 for Futu Hldgs over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Futu Hldgs'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 Futu Hldgs's whale activity within a strike price range from $20.0 to $40.0 in the last 30 days.

Futu Hldgs Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Futu Hldgs Standing Right Now?

• With a volume of 2,091,956, the price of FUTU is up 2.02% at $38.98.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 88 days.

What The Experts Say On Futu Hldgs:

• Truist Securities has decided to maintain their Underperform rating on Futu Hldgs, which currently sits at a price target of $32.
• Morgan Stanley downgraded its action to Underweight with a price target of $34

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 Futu Hldgs, Benzinga Pro gives you real-time options trades alerts.