Big Players' Recent Trades in SIG Options

Financial giants have made a conspicuous bullish move on Signet Jewelers. Our analysis of options history for Signet Jewelers SIG revealed 11 unusual trades.

Delving into the details, we found 63% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $419,333, and 2 were calls, valued at $56,842.

Latest Startup Investment Opportunities:

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $130.0 for Signet Jewelers over the recent 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 Signet Jewelers'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 Signet Jewelers's whale activity within a strike price range from $95.0 to $130.0 in the last 30 days.

Signet Jewelers Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SIG PUT SWEEP BEARISH 01/12/24 $99.00 $121.4K 2 1.2K
SIG PUT SWEEP BULLISH 01/17/25 $100.00 $55.3K 80 35
SIG PUT TRADE BULLISH 01/17/25 $95.00 $54.2K 40 39
SIG PUT SWEEP BEARISH 01/17/25 $115.00 $49.8K 96 20
SIG CALL SWEEP BULLISH 01/12/24 $99.00 $30.0K 7 265

About Signet Jewelers

Signet Jewelers Ltd is a retailer of diamond jewelry. Its merchandise mix includes bridal, fashion, watches and others. The bridal category includes engagement, wedding and anniversary purchases. Its segments are the North America segment, the International segment, and the Other segment. The North America segment contributes to the majority of the revenue.

In light of the recent options history for Signet Jewelers, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Signet Jewelers

  • Trading volume stands at 612,210, with SIG's price down by 0.0%, positioned at $99.78.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 70 days.

What Analysts Are Saying About Signet Jewelers

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $109.75.

  • Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Signet Jewelers, targeting a price of $120.
  • An analyst from Telsey Advisory Group has decided to maintain their Market Perform rating on Signet Jewelers, which currently sits at a price target of $90.
  • Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Signet Jewelers with a target price of $110.
  • An analyst from Citigroup has elevated its stance to Buy, setting a new price target at $119.

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 Signet Jewelers options trades with real-time alerts from Benzinga Pro.

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SIGSignet Jewelers Ltd
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