Check Out What Whales Are Doing With ABCM

A whale with a lot of money to spend has taken a noticeably bullish stance on Abcam.

Looking at options history for Abcam ABCM we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $113,175 and 6, calls, for a total amount of $218,245.

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 $25.0 for Abcam 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 Abcam'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 Abcam's whale activity within a strike price range from $20.0 to $25.0 in the last 30 days.

Abcam 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
ABCM CALL SWEEP NEUTRAL 09/15/23 $25.00 $42.5K 14.2K 562
ABCM CALL SWEEP BEARISH 09/15/23 $25.00 $42.1K 14.2K 1.7K
ABCM CALL SWEEP BULLISH 09/15/23 $25.00 $40.8K 14.2K 2.3K
ABCM CALL SWEEP BEARISH 09/15/23 $25.00 $38.4K 14.2K 1.2K
ABCM PUT SWEEP BULLISH 09/15/23 $20.00 $34.4K 87 1.9K

Where Is Abcam Standing Right Now?

  • With a volume of 5,890,098, the price of ABCM is up 3.78% at $23.34.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 11 days.

What The Experts Say On Abcam:

  • RBC Capital downgraded its action to Sector Perform with a price target of $25

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

Market News and Data brought to you by Benzinga APIs

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