Looking At BridgeBio Pharma's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on BridgeBio Pharma BBIO.

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 BBIO, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 14 options trades for BridgeBio Pharma.

This isn't normal.

The overall sentiment of these big-money traders is split between 78% bullish and 21%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $32,091, and 13, calls, for a total amount of $767,850..

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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 $10.0 to $15.0 for BridgeBio Pharma 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 BridgeBio Pharma'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 BridgeBio Pharma's whale activity within a strike price range from $10.0 to $15.0 in the last 30 days.

BridgeBio Pharma Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is BridgeBio Pharma Standing Right Now?

• With a volume of 145,114, the price of BBIO is up 3.6% at $17.82.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 31 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 BridgeBio Pharma, Benzinga Pro gives you real-time options trades alerts.