A whale with a lot of money to spend has taken a noticeably bullish stance on Biomea Fusion.
Looking at options history for Biomea Fusion BMEA we detected 21 strange trades.
If we consider the specifics of each trade, it is accurate to state that 71% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $629,200 and 7, calls, for a total amount of $374,411.
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 $35.0 to $45.0 for Biomea Fusion 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 Biomea Fusion'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 Biomea Fusion's whale trades within a strike price range from $35.0 to $45.0 in the last 30 days.
Biomea Fusion 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 |
|---|---|---|---|---|---|---|---|---|
| BMEA | PUT | SWEEP | BEARISH | 07/21/23 | $35.00 | $164.4K | 294 | 941 |
| BMEA | CALL | SWEEP | BEARISH | 07/21/23 | $45.00 | $124.7K | 394 | 1.0K |
| BMEA | CALL | SWEEP | NEUTRAL | 07/21/23 | $40.00 | $63.6K | 2.9K | 556 |
| BMEA | PUT | SWEEP | BULLISH | 07/21/23 | $35.00 | $52.1K | 294 | 2.0K |
| BMEA | CALL | SWEEP | BEARISH | 07/21/23 | $40.00 | $50.4K | 2.9K | 171 |
Where Is Biomea Fusion Standing Right Now?
- With a volume of 522,575, the price of BMEA is up 1.2% at $37.99.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 55 days.
What The Experts Say On Biomea Fusion:
- EF Hutton downgraded its action to Buy with a price target of $32
- Barclays downgraded its action to Overweight with a price target of $50
- Citigroup has decided to maintain their Buy rating on Biomea Fusion, which currently sits at a price target of $53.
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 Biomea Fusion, 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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