Deep-pocketed investors have adopted a bearish approach towards Charles Schwab SCHW, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SCHW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Charles Schwab. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 55% bearish. Among these notable options, 2 are puts, totaling $567,700, and 18 are calls, amounting to $1,020,911.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $70.0 for Charles Schwab, spanning the last 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 Charles Schwab's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Charles Schwab's substantial trades, within a strike price spectrum from $30.0 to $70.0 over the preceding 30 days.
Charles Schwab 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SCHW | PUT | TRADE | BULLISH | 01/17/25 | $50.00 | $355.2K | 3.4K | 1.2K |
| SCHW | PUT | TRADE | BEARISH | 01/17/25 | $55.00 | $212.5K | 1.9K | 500 |
| SCHW | CALL | SWEEP | BULLISH | 03/15/24 | $65.00 | $156.4K | 4.0K | 0 |
| SCHW | CALL | SWEEP | BULLISH | 03/15/24 | $65.00 | $93.0K | 4.0K | 738 |
| SCHW | CALL | SWEEP | BEARISH | 06/21/24 | $50.00 | $76.6K | 1.1K | 0 |
About Charles Schwab
Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $7 trillion of client assets at the end of December 2022. Nearly all of its revenue is from the United States.
In light of the recent options history for Charles Schwab, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Charles Schwab
- With a volume of 5,211,565, the price of SCHW is up 0.01% at $62.23.
- RSI indicators hint that the underlying stock may be overbought.
- 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 Charles Schwab, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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