A whale with a lot of money to spend has taken a noticeably bearish stance on Simon Property Group.
Looking at options history for Simon Property Group SPG we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $391,923 and 2, calls, for a total amount of $125,800.
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 $110.0 to $130.0 for Simon Property Group 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 Simon Property Group'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 Simon Property Group's whale trades within a strike price range from $110.0 to $130.0 in the last 30 days.
Simon Property Group 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 |
|---|---|---|---|---|---|---|---|---|
| SPG | CALL | TRADE | BEARISH | 08/18/23 | $110.00 | $69.0K | 263 | 50 |
| SPG | CALL | TRADE | BEARISH | 08/18/23 | $110.00 | $56.8K | 263 | 167 |
| SPG | PUT | SWEEP | BEARISH | 10/20/23 | $125.00 | $52.8K | 136 | 79 |
| SPG | PUT | SWEEP | BULLISH | 10/20/23 | $125.00 | $51.5K | 136 | 157 |
| SPG | PUT | TRADE | BEARISH | 10/20/23 | $130.00 | $50.1K | 18 | 150 |
Where Is Simon Property Group Standing Right Now?
- With a volume of 955,146, the price of SPG is up 1.64% at $123.52.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 14 days.
What The Experts Say On Simon Property Group:
- UBS has decided to maintain their Neutral rating on Simon Property Group, which currently sits at a price target of $121.
- Wolfe Research upgraded its action to Outperform with a price target of $127
- Stifel has decided to maintain their Buy rating on Simon Property Group, which currently sits at a price target of $139.
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 Simon Property Group, 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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