Decoding Rio Tinto's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bearish move on Rio Tinto. Our analysis of options history for Rio Tinto RIO revealed 14 unusual trades.

Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $215,740, and 9 were calls, valued at $403,777.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $64.38 and $74.38 for Rio Tinto, spanning the last three months.

Analyzing Volume & Open Interest

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 Rio Tinto'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 Rio Tinto's whale activity within a strike price range from $64.38 to $74.38 in the last 30 days.

Rio Tinto Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About Rio Tinto

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

Following our analysis of the options activities associated with Rio Tinto, we pivot to a closer look at the company's own performance.

Rio Tinto's Current Market Status

• Trading volume stands at 2,909,410, with RIO's price up by 3.5%, positioned at $67.88.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 98 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 Rio Tinto, Benzinga Pro gives you real-time options trades alerts.