Investors with a lot of money to spend have taken a bullish stance on Rio Tinto RIO.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RIO, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 15 uncommon options trades for Rio Tinto.
This isn't normal.
The overall sentiment of these big-money traders is split between 73% bullish and 26%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $1,713,460, and 3 are calls, for a total amount of $198,115.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $100.0 for Rio Tinto over the recent three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Rio Tinto's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Rio Tinto's substantial trades, within a strike price spectrum from $70.0 to $100.0 over the preceding 30 days.
Rio Tinto Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| RIO | PUT | SWEEP | NEUTRAL | 01/16/26 | $100.00 | $785.6K | 0 | 251 |
| RIO | PUT | SWEEP | BULLISH | 01/17/25 | $75.00 | $151.5K | 28 | 139 |
| RIO | CALL | SWEEP | BEARISH | 01/17/25 | $75.00 | $142.5K | 2.9K | 254 |
| RIO | PUT | TRADE | BULLISH | 01/17/25 | $75.00 | $141.7K | 28 | 0 |
| RIO | PUT | TRADE | BULLISH | 04/19/24 | $72.50 | $114.9K | 428 | 223 |
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.
In light of the recent options history for Rio Tinto, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Rio Tinto's Current Market Status
- Trading volume stands at 2,808,470, with RIO's price up by 3.06%, positioned at $71.2.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 81 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Rio Tinto options trades with real-time alerts from Benzinga Pro.
© 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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