Check Out What Whales Are Doing With HZNP

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 18 strange trades.

If we consider the specifics of each trade, it is accurate to state that 5% of the investors opened trades with bullish expectations and 94% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $292,010 and 11, calls, for a total amount of $494,120.

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 $70.0 to $105.0 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 10591.0 with a total volume of 47,294.00.

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 $70.0 to $105.0 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 TRADE BEARISH 01/19/24 $80.00 $68.2K 138 50
HZNP CALL TRADE BEARISH 01/19/24 $80.00 $68.2K 138 25
HZNP CALL TRADE NEUTRAL 10/20/23 $90.00 $61.0K 186 88
HZNP CALL SWEEP BULLISH 10/20/23 $100.00 $49.5K 314 106
HZNP CALL SWEEP BEARISH 10/20/23 $100.00 $48.4K 314 56

Where Is Horizon Therapeutics Standing Right Now?

  • With a volume of 844,185, the price of HZNP is down -0.57% at $99.12.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 6 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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