Looking At HCA Healthcare's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on HCA Healthcare HCA.

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

Today, Benzinga's options scanner spotted 10 options trades for HCA Healthcare.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the options we uncovered, 9 are puts, for a total amount of $461,341, and there was 1 call, for a total amount of $41,000.

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 $250.0 to $300.0 for HCA Healthcare 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 HCA Healthcare'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 HCA Healthcare's whale trades within a strike price range from $250.0 to $300.0 in the last 30 days.

HCA Healthcare 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
HCA PUT TRADE BEARISH 10/20/23 $300.00 $90.6K 10 30
HCA PUT SWEEP BULLISH 11/17/23 $275.00 $66.0K 27 0
HCA PUT SWEEP NEUTRAL 09/15/23 $275.00 $60.3K 288 31
HCA PUT SWEEP NEUTRAL 11/17/23 $260.00 $58.7K 263 43
HCA PUT TRADE BULLISH 10/20/23 $300.00 $45.3K 10 10

Where Is HCA Healthcare Standing Right Now?

  • With a volume of 1,533,665, the price of HCA is down -2.35% at $257.38.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 35 days.

What The Experts Say On HCA Healthcare:

  • Cantor Fitzgerald downgraded its action to Overweight with a price target of $315
  • RBC Capital downgraded its action to Outperform with a price target of $315

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

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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