AstraZeneca Unusual Options Activity For September 28

A whale with a lot of money to spend has taken a noticeably bearish stance on AstraZeneca.

Looking at options history for AstraZeneca AZN we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $488,281 and 7, calls, for a total amount of $887,379.

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 $63.0 to $69.0 for AstraZeneca 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 AstraZeneca'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 AstraZeneca's whale activity within a strike price range from $63.0 to $69.0 in the last 30 days.

AstraZeneca 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
AZN CALL TRADE BEARISH 10/27/23 $69.00 $668.5K 17.5K 8.5K
AZN PUT TRADE BULLISH 10/27/23 $63.00 $303.4K 9.2K 9.2K
AZN PUT SWEEP BULLISH 11/17/23 $67.50 $76.9K 1.0K 162
AZN PUT SWEEP BULLISH 10/27/23 $63.00 $64.8K 9.2K 2.4K
AZN CALL SWEEP BEARISH 10/27/23 $69.00 $49.9K 17.5K 1.2K

Where Is AstraZeneca Standing Right Now?

  • With a volume of 597,966, the price of AZN is down -1.06% at $67.22.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 42 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 AstraZeneca, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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