A whale with a lot of money to spend has taken a noticeably bearish stance on Charles Schwab.
Looking at options history for Charles Schwab SCHW we detected 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $95,840 and 13, calls, for a total amount of $1,433,951.
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 $50.0 to $60.0 for Charles Schwab over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Charles Schwab options trades today is 5820.58 with a total volume of 20,834.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Charles Schwab's big money trades within a strike price range of $50.0 to $60.0 over the last 30 days.
Charles Schwab 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 |
|---|---|---|---|---|---|---|---|---|
| SCHW | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $550.7K | 11.8K | 2.9K |
| SCHW | CALL | SWEEP | BEARISH | 01/19/24 | $60.00 | $233.9K | 11.8K | 5.3K |
| SCHW | CALL | SWEEP | BEARISH | 11/17/23 | $60.00 | $114.2K | 11.9K | 5.1K |
| SCHW | CALL | TRADE | BEARISH | 11/17/23 | $52.50 | $83.7K | 3.2K | 84 |
| SCHW | CALL | TRADE | BEARISH | 01/19/24 | $50.00 | $82.2K | 4.5K | 51 |
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Where Is Charles Schwab Standing Right Now?
- With a volume of 4,611,360, the price of SCHW is up 2.38% at $56.24.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 75 days.
What The Experts Say On Charles Schwab:
- Piper Sandler has decided to maintain their Overweight rating on Charles Schwab, which currently sits at a price target of $75.
- JMP Securities downgraded its action to Market Outperform with a price target of $77
- Raymond James has decided to maintain their Outperform rating on Charles Schwab, which currently sits at a price target of $76.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Charles Schwab, which currently sits at a price target of $64.
- JP Morgan has decided to maintain their Overweight rating on Charles Schwab, which currently sits at a price target of $85.
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 Charles Schwab, 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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