Whales with a lot of money to spend have taken a noticeably bearish stance on LyondellBasell Industries.
Looking at options history for LyondellBasell Industries LYB we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $88,258 and 15, calls, for a total amount of $806,280.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $89.8 to $99.8 for LyondellBasell Industries over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for LyondellBasell Industries options trades today is 2782.6 with a total volume of 4,847.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for LyondellBasell Industries's big money trades within a strike price range of $89.8 to $99.8 over the last 30 days.
LyondellBasell Industries Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LYB | CALL | TRADE | BEARISH | 01/19/24 | $99.80 | $90.0K | 10.1K | 12 |
| LYB | CALL | TRADE | BEARISH | 01/19/24 | $89.80 | $58.0K | 513 | 697 |
| LYB | CALL | TRADE | BEARISH | 01/19/24 | $89.80 | $58.0K | 513 | 597 |
| LYB | CALL | TRADE | BULLISH | 01/19/24 | $89.80 | $58.0K | 513 | 497 |
| LYB | CALL | SWEEP | BEARISH | 01/19/24 | $89.80 | $58.0K | 513 | 97 |
About LyondellBasell Industries
LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and is also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production come from its North American operations.
Following our analysis of the options activities associated with LyondellBasell Industries, we pivot to a closer look at the company's own performance.
Current Position of LyondellBasell Industries
- With a volume of 1,006,064, the price of LYB is down -0.7% at $95.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 72 days.
What The Experts Say On LyondellBasell Industries
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $96.0.
- An analyst from Fermium Research has decided to maintain their Hold rating on LyondellBasell Industries, which currently sits at a price target of $96.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for LyondellBasell Industries with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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