Scorpio Tankers Stock (NYSE:STNG), Trade Ideas

Scorpio Tankers

Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters in hundred ten product tankers namely thirty nine LR2 tankers, fifty seven MR tankers and forteeen Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products. They provide seaborne transportation of crude oil and refined petroleum products worldwide. The company generates majority of its revenue from MR vessel.

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Equities

Mid Cap

News

Asset Sales

STNG

Scorpio Tankers Inc sells MR product tanker for $39.1M and exercises purchase options for 5 ships, expected to reduce $61.1M in debt.

Scorpio Tankers Sets Sail: Sell, Buy, Aand Trim Debt In Strategic Maritime Moves

Interview

General

Capital Link’s President Nicolas Bornozis interviewed Mr. Robert Bugbee, President of Scorpio Tankers (NYSE: STNG), as part of Capital Link’s “Trending News Podcast Series,” on August 3, 2023.

Scorpio Tankers  – Positioning For Further Product Tanker Growth And Corporate Strategy

Markets

Capital Link’s President Nicolas Bornozis hosted an interview with Mr. Robert Bugbee, President &amp; Director of Scorpio Tankers (NYSE: STNG) on Monday, May 8, 2023.

Scorpio Tankers Business &amp; Capital Allocation Strategy - Riding The Positive Product Tanker Sector Fundamentals

Scorpio Tankers Inc

Scorpio Tankers Sells Two MR Product Tankers For $36.15M Per Vessel

<p>This whale alert can help traders discover the next big trading opportunities.</p>
<p>Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.</p>
<p>Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. </p>
<p>Here's the list of options activity happening in today's session:<br />
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$115.00</td>
<td>$41.2K</td>
<td>17.8K</td>
<td>2.8K</td>
</tr>
<tr>
<td>BP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$401.9K</td>
<td>14.5K</td>
<td>2.0K</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/12/24</td>
<td>$58.00</td>
<td>$28.6K</td>
<td>1.7K</td>
<td>1.7K</td>
</tr>
<tr>
<td>PR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$18.00</td>
<td>$32.4K</td>
<td>369</td>
<td>812</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$27.8K</td>
<td>2.4K</td>
<td>612</td>
</tr>
<tr>
<td>APA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$35.00</td>
<td>$37.2K</td>
<td>1.7K</td>
<td>444</td>
</tr>
<tr>
<td>PBR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$13.00</td>
<td>$25.8K</td>
<td>1.5K</td>
<td>418</td>
</tr>
<tr>
<td>SFL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$10.00</td>
<td>$43.2K</td>
<td>457</td>
<td>120</td>
</tr>
<tr>
<td>MPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$180.00</td>
<td>$30.6K</td>
<td>342</td>
<td>13</td>
</tr>
</tbody>
</table>
</p>
<h2>Explanation</h2>
<p>These bullet-by-bullet explanations have been constructed using the accompanying table.  </p>
<p>•  For <strong>XOM</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), we notice a <strong>call</strong> option <strong>trade</strong> that happens to be <strong>bearish</strong>, expiring in 65 day(s) on <strong>May 17, 2024</strong>. This event was a transfer of <strong>200</strong> contract(s) at a <strong>$115.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$41.2K</strong>, with a price of <strong>$206.0</strong> per contract. There were <strong>17851</strong> open contracts at this strike prior to today, and today <strong>2818</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>BP</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), we observe a <strong>put</strong> option <strong>trade</strong> with <strong>bearish</strong> sentiment. It expires in 310 day(s) on <strong>January 17, 2025</strong>. Parties traded <strong>2000</strong> contract(s) at a <strong>$35.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$401.9K</strong>, with a price of <strong>$201.0</strong> per contract. There were <strong>14585</strong> open contracts at this strike prior to today, and today <strong>2011</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>OXY</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), we notice a <strong>put</strong> option <strong>sweep</strong> that happens to be <strong>bullish</strong>, expiring in 30 day(s) on <strong>April 12, 2024</strong>. This event was a transfer of <strong>1100</strong> contract(s) at a <strong>$58.00</strong> strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$28.6K</strong>, with a price of <strong>$26.0</strong> per contract. There were <strong>1707</strong> open contracts at this strike prior to today, and today <strong>1730</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>PR</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PR#NYSE">PR</a>), we observe a <strong>call</strong> option <strong>sweep</strong> with <strong>bullish</strong> sentiment. It expires in 65 day(s) on <strong>May 17, 2024</strong>. Parties traded <strong>812</strong> contract(s) at a <strong>$18.00</strong> strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$32.4K</strong>, with a price of <strong>$40.0</strong> per contract. There were <strong>369</strong> open contracts at this strike prior to today, and today <strong>812</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>STNG</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>), we notice a <strong>call</strong> option <strong>sweep</strong> that happens to be <strong>bullish</strong>, expiring in 310 day(s) on <strong>January 17, 2025</strong>. This event was a transfer of <strong>16</strong> contract(s) at a <strong>$60.00</strong> strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$27.8K</strong>, with a price of <strong>$1740.0</strong> per contract. There were <strong>2419</strong> open contracts at this strike prior to today, and today <strong>612</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>APA</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>), we notice a <strong>call</strong> option <strong>sweep</strong> that happens to be <strong>bearish</strong>, expiring in 65 day(s) on <strong>May 17, 2024</strong>. This event was a transfer of <strong>355</strong> contract(s) at a <strong>$35.00</strong> strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$37.2K</strong>, with a price of <strong>$105.0</strong> per contract. There were <strong>1794</strong> open contracts at this strike prior to today, and today <strong>444</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>PBR</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>), we observe a <strong>put</strong> option <strong>sweep</strong> with <strong>bearish</strong> sentiment. It expires in 128 day(s) on <strong>July 19, 2024</strong>. Parties traded <strong>417</strong> contract(s) at a <strong>$13.00</strong> strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was <strong>$25.8K</strong>, with a price of <strong>$62.0</strong> per contract. There were <strong>1579</strong> open contracts at this strike prior to today, and today <strong>418</strong> contract(s) were bought and sold. </p>
<p>•  For <strong>SFL</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFL#NYSE">SFL</a>), we notice a <strong>call</strong> option <strong>trade</strong> that happens to be <strong>bearish</strong>, expiring in 65 day(s) on <strong>May 17, 2024</strong>. This event was a transfer of <strong>120</strong> contract(s) at a <strong>$10.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$43.2K</strong>, with a price of <strong>$360.0</strong> per contract. There were <strong>457</strong> open contracts at this strike prior to today, and today <strong>120</strong> contract(s) were bought and sold. </p>
<p>•  Regarding <strong>MPC</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), we observe a <strong>call</strong> option <strong>trade</strong> with <strong>bullish</strong> sentiment. It expires in 65 day(s) on <strong>May 17, 2024</strong>. Parties traded <strong>20</strong> contract(s) at a <strong>$180.00</strong> strike. The total cost received by the writing party (or parties) was <strong>$30.6K</strong>, with a price of <strong>$1530.0</strong> per contract. There were <strong>342</strong> open contracts at this strike prior to today, and today <strong>13</strong> contract(s) were bought and sold. </p>
<p><strong>Options Alert Terminology</strong><br />
 - <strong>Call Contracts:</strong> The right to buy shares as indicated in the contract.<br />
 - <strong>Put Contracts:</strong> The right to sell shares as indicated in the contract.<br />
 - <strong>Expiration Date:</strong> When the contract expires. One must act on the contract by this date if one wants to use it.<br />
 - <strong>Premium/Option Price:</strong> The price of the contract.  </p>
<p>For more information, visit our <em><a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a></em> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>.  </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Options

9 Energy Stocks With Whale Alerts In Today's Session

<p>High-rolling investors have positioned themselves bullish on Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in STNG often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 8 options trades for Scorpio Tankers. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 75% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $30,600, and 7 calls, totaling $290,121.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $80.0 for Scorpio Tankers, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of Scorpio Tankers stands at 2694.25, with a total volume reaching 683.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Scorpio Tankers, situated within the strike price corridor from $40.0 to $80.0, throughout the last 30 days.</p>
<h3>Scorpio Tankers 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709749869_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$80.00</td>
<td>$70.5K</td>
<td>2.9K</td>
<td style="text-align: right;">222</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$80.00</td>
<td>$61.6K</td>
<td>2.9K</td>
<td style="text-align: right;">162</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$80.00</td>
<td>$43.7K</td>
<td>2.9K</td>
<td style="text-align: right;">82</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$60.00</td>
<td>$32.9K</td>
<td>5.9K</td>
<td style="text-align: right;">38</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$30.6K</td>
<td>1.9K</td>
<td style="text-align: right;">90</td>
</tr>
</tbody>
</table>
</p>
<h3>About Scorpio Tankers</h3>
<p>Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.</p>
<p>In light of the recent options history for Scorpio Tankers, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Where Is Scorpio Tankers Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 427,757, with STNG's price up by 0.07%, positioned at $66.9.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 55 days.</li>
</ul>
<h3>What The Experts Say On Scorpio Tankers</h3>
<p>Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $90.5.</p>
<ul>
<li>In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting a price target of $90. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Scorpio Tankers, targeting a price of $91. </li>
</ul>
<p>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 Scorpio Tankers with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Scorpio Tankers Options Trading: A Deep Dive into Market Sentiment

<p>Financial giants have made a conspicuous bearish move on Scorpio Tankers. Our analysis of options history for Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) revealed 9 unusual trades.</p>
<p>Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $208,750, and 6 were calls, valued at $1,060,815.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $80.0 for Scorpio Tankers over the recent three months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Scorpio Tankers's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Scorpio Tankers's substantial trades, within a strike price spectrum from $40.0 to $80.0 over the preceding 30 days.</p>
<h3>Scorpio Tankers Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709325295_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$70.00</td>
<td>$370.0K</td>
<td>534</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$80.00</td>
<td>$282.5K</td>
<td>3.2K</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$55.00</td>
<td>$220.0K</td>
<td>531</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$123.5K</td>
<td>1.9K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$50.00</td>
<td>$82.0K</td>
<td>4.1K</td>
<td style="text-align: right;">40</td>
</tr>
</tbody>
</table>
</p>
<h3>About Scorpio Tankers</h3>
<p>Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.</p>
<p>After a thorough review of the options trading surrounding Scorpio Tankers, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of Scorpio Tankers</h3>
<ul>
<li>With a volume of 515,130, the price of STNG is down 0.0% at $67.13. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 60 days.</li>
</ul>
<h3>What Analysts Are Saying About Scorpio Tankers</h3>
<p>Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $89.0.</p>
<ul>
<li>An analyst from JP Morgan persists with their Overweight rating on Scorpio Tankers, maintaining a target price of $86. </li>
<li>Reflecting concerns, an analyst from Jefferies lowers its rating to Buy with a new price target of $90.</li>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Scorpio Tankers, which currently sits at a price target of $91. </li>
</ul>
<p>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 Scorpio Tankers options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Decoding Scorpio Tankers's Options Activity: What's the Big Picture?

<p>Deep-pocketed investors have adopted a bullish approach towards Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>), 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 STNG usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Scorpio Tankers. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 4 are puts, totaling $402,725, and 11 are calls, amounting to $789,390.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $90.0 for Scorpio Tankers over the recent three months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Scorpio Tankers's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Scorpio Tankers's significant trades, within a strike price range of $40.0 to $90.0, over the past month.</p>
<h3>Scorpio Tankers 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708973143_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$90.00</td>
<td>$182.6K</td>
<td>132</td>
<td style="text-align: right;">265</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$85.00</td>
<td>$162.4K</td>
<td>29</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$139.6K</td>
<td>2.1K</td>
<td style="text-align: right;">285</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$105.3K</td>
<td>2.1K</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$101.1K</td>
<td>1.9K</td>
<td style="text-align: right;">285</td>
</tr>
</tbody>
</table>
</p>
<h3>About Scorpio Tankers</h3>
<p>Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.</p>
<p>After a thorough review of the options trading surrounding Scorpio Tankers, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Scorpio Tankers</h3>
<ul>
<li>Currently trading with a volume of 410,749, the STNG's price is up by 0.36%, now at $66.66. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 64 days.</li>
</ul>
<h3>What Analysts Are Saying About Scorpio Tankers</h3>
<p>Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $89.0.</p>
<ul>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Scorpio Tankers, which currently sits at a price target of $91. </li>
<li>In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting a price target of $90. </li>
<li>An analyst from JP Morgan persists with their Overweight rating on Scorpio Tankers, maintaining a target price of $86. </li>
</ul>
<p>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 Scorpio Tankers options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


What the Options Market Tells Us About Scorpio Tankers

<p>&nbsp;Scorpio Tankers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) (&quot;Scorpio Tankers,&quot; or the &quot;Company&quot;) announced that the Company has signed a non-binding Memorandum of Understanding to install the Fowe Eco Solutions Ltd. (&quot;FOWE&quot;) fuel emulsion systems across its entire fleet. The terms of the licensing agreement will require no material upfront costs for the Company and is expected to result in an overall reduction of at least&nbsp;3%&nbsp;in fuel costs and 100,000 tons of carbon emissions annually.<br />
&nbsp;</p>
<p>Mr. Emanuele Lauro, Chairman and CEO of the Company, commented,&nbsp;<em>&quot;In terms of financial and environmental benefits, the FOWE system stands out for its clear and immediate advantages.</em>&nbsp;&nbsp;<em>&nbsp;Requiring little in the way of initial investment and eliminating the need for installation downtime, the FOWE solution presents an ideal pathway to reducing operating expenses and curbing greenhouse gas emissions.&quot;</em></p>
<p>Mr. Dean Mihalic, CEO of FOWE added,&nbsp;<em>&quot;Recent tests conducted at the Alfa Laval Test and Training Centre in Aalborg, Denmark, indicate potential fuel savings of up to&nbsp;6.3%&nbsp;for boilers and&nbsp;8.7%&nbsp;for marine four-stroke engines.</em>&nbsp;&nbsp;<em>&nbsp;Our technology produces a permanent emulsion with no additives, resulting in cleaner and more complete combustion and significantly lower greenhouse gas emissions.</em>&nbsp;&nbsp;<em>&nbsp;We are pleased to have reached this stage with Scorpio Tankers, our anchor customer and trusted partner throughout the testing and development process.&quot;</em></p>
<p>The final licensing agreement is subject to customary documentation and closing conditions, and it is expected to be signed within the&nbsp;first quarter&nbsp;of 2024.</p>


Contracts

Scorpio Tankers Inc. Announces MOU Licensing FOWE Fuel-Saving Devices For Entire Fleet; Expected To Result In An Overall Reduction Of At Least 3% In Fuel Costs And 100,000 Tons Of Carbon Emissions Annually

<p>Deep-pocketed investors have adopted a bearish approach towards Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>), 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 STNG usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Scorpio Tankers. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 22% leaning bullish and 77% bearish. Among these notable options, 6 are puts, totaling $343,479, and 3 are calls, amounting to $276,783.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $70.0 for Scorpio Tankers over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Scorpio Tankers'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 Scorpio Tankers's whale trades within a strike price range from $60.0 to $70.0 in the last 30 days. </p>
<h3>Scorpio Tankers Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708450235_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$70.00</td>
<td>$150.1K</td>
<td>1.7K</td>
<td>1.1K</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$60.00</td>
<td>$96.5K</td>
<td>5.5K</td>
<td>131</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$60.00</td>
<td>$83.4K</td>
<td>347</td>
<td>1.3K</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$60.00</td>
<td>$83.1K</td>
<td>347</td>
<td>1.5K</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$60.00</td>
<td>$81.8K</td>
<td>1.4K</td>
<td>3.1K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Scorpio Tankers</h3>
<p>Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.</p>
<p>Having examined the options trading patterns of Scorpio Tankers, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Scorpio Tankers's Current Market Status</h3>
<ul>
<li>With a trading volume of 699,723, the price of STNG is down by -1.11%, reaching $68.75.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 70 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Scorpio Tankers</h3>
<p>In the last month, 3 experts released ratings on this stock with an average target price of $89.0.</p>
<ul>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Scorpio Tankers, targeting a price of $91. </li>
<li>An analyst from Jefferies downgraded its action to Buy with a price target of $90. </li>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Scorpio Tankers with a target price of $86. </li>
</ul>
<p>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 Scorpio Tankers with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Scorpio Tankers's Options: A Look at What the Big Money is Thinking

<p>Scorpio Tankers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) ("Scorpio Tankers," or the "Company") announced that the President of the Company, Robert Bugbee, has purchased call options on an aggregate of 555,600 common shares (or 5,556 call option contracts) of the Company for total consideration of $7.0 million. The call option contracts have a strike price of $60.00 and an expiration of September 2024.</p>


Scorpio Tankers Inc. Announces Purchase Of Call Options On An Aggregate Of 555,600 Common Shares By The President Of The Company For Total Consideration Of $7M

<p>Jefferies  analyst Omar Nokta   reiterates Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) with a Buy and maintains $90 price target.</p>


Price Target

Reiteration

Analyst Ratings

Jefferies Reiterates Buy on Scorpio Tankers, Maintains $90 Price Target

<p>Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) reported quarterly adjusted earnings of $2.75 per share which beat the analyst consensus estimate of $2.63 by 4.56 percent. This is a 35.14 percent decrease over earnings of $4.24 per share from the same period last year. The company reported quarterly sales of $336.31 million which beat the analyst consensus estimate of $334.98 million by 0.40 percent. This is a 31.88 percent decrease over sales of $493.72 million the same period last year.</p>


Earnings

Scorpio Tankers Q4 Adj. EPS $2.75 Beats $2.63 Estimate, Sales $336.31M Beat $334.98M Estimate

ACGL

ADPT

AEMD

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ATEX

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ATUS

AVNT

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BLIN

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BYRN

CCRD

CEVA

CHEF

CNDT

CNHI

CNVS

CNXN

CRWS

CSCO

CSPI

EPRT

EQIX

FBRT

FCPT

FROG

FSLY

GLDD

GNRC

GOLD

GPMT

HCSG

HUBS

INFA

ISSC

KRNT

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PGRE

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Earnings Scheduled For February 14, 2024

<p><strong>Scorpio Tankers</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-14. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Scorpio Tankers will report an <strong>earnings per share</strong> (EPS) of $2.63. </p>
<p>Scorpio Tankers bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.39, which was followed by a 2.11% increase in the share price the next day.</p>
<p>Here's a look at Scorpio Tankers's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>1.52</td>
<td>2.38</td>
<td>3.22</td>
<td>4.29</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>1.91</td>
<td>2.41</td>
<td>3.31</td>
<td>4.24</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>2.11%</td>
<td>1.75%</td>
<td>-1.96%</td>
<td>-1.63%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707840105_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Scorpio Tankers were trading at $68.07 as of February 12. Over the last 52-week period, shares are up 9.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/STNG/earnings"><strong>To track all earnings releases for Scorpio Tankers visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


A Preview Of Scorpio Tankers's Earnings

<p>Financial giants have made a conspicuous bullish move on Scorpio Tankers. Our analysis of options history for Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) revealed 14 unusual trades.</p>
<p>Delving into the details, we found 64% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $679,124, and 5 were calls, valued at $324,974.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $70.0 for Scorpio Tankers during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Scorpio Tankers's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Scorpio Tankers's significant trades, within a strike price range of $50.0 to $70.0, over the past month.</p>
<h3>Scorpio Tankers 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707766259_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$121.0K</td>
<td>233</td>
<td style="text-align: right;">551</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$70.00</td>
<td>$108.0K</td>
<td>2.3K</td>
<td style="text-align: right;">105</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$70.00</td>
<td>$106.5K</td>
<td>2.3K</td>
<td style="text-align: right;">205</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$60.00</td>
<td>$103.0K</td>
<td>233</td>
<td style="text-align: right;">121</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$55.00</td>
<td>$80.0K</td>
<td>211</td>
<td style="text-align: right;">200</td>
</tr>
</tbody>
</table>
</p>
<h3>About Scorpio Tankers</h3>
<p>Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.</p>
<p>Having examined the options trading patterns of Scorpio Tankers, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of Scorpio Tankers</h3>
<ul>
<li>With a trading volume of 694,505, the price of STNG is up by 0.74%, reaching $66.3.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 2 days from now.</li>
</ul>
<h3>What The Experts Say On Scorpio Tankers</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $86.0.</p>
<ul>
<li>An analyst from JP Morgan persists with their Overweight rating on Scorpio Tankers, maintaining a target price of $86. </li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Scorpio Tankers, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


<p>JP Morgan  analyst Samuel Bland   maintains Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) with a Overweight and raises the price target from $85 to $86.</p>


JP Morgan Maintains Overweight on Scorpio Tankers, Raises Price Target to $86

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Scorpio Tankers</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with STNG, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 10 options trades for <strong>Scorpio Tankers</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $42,900, and 9, calls, for a total amount of $736,967.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $65.0 for Scorpio Tankers during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Scorpio Tankers's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Scorpio Tankers's substantial trades, within a strike price spectrum from $25.0 to $65.0 over the preceding 30 days.</p>
<h3>Scorpio Tankers Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1706724937_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$65.00</td>
<td>$191.1K</td>
<td>2.7K</td>
<td style="text-align: right;">450</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$62.50</td>
<td>$183.9K</td>
<td>698</td>
<td style="text-align: right;">300</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$65.00</td>
<td>$96.6K</td>
<td>2.7K</td>
<td style="text-align: right;">600</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$62.50</td>
<td>$91.0K</td>
<td>698</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$25.00</td>
<td>$45.1K</td>
<td>10</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>
</p>
<h3>About Scorpio Tankers</h3>
<p>Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.</p>
<h3>Current Position of Scorpio Tankers</h3>
<ul>
<li>Trading volume stands at 570,880, with STNG's price down by -0.8%, positioned at $71.04.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 14 days.</li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Scorpio Tankers, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Scorpio Tankers</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with STNG, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 10 options trades for <strong>Scorpio Tankers</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 80% bullish and 20%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $265,100, and 9, calls, for a total amount of $490,750.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $70.0 for Scorpio Tankers during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for Scorpio Tankers options trades today is 1102.33 with a total volume of 2,145.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Scorpio Tankers's big money trades within a strike price range of $60.0 to $70.0 over the last 30 days.</p>
<h3>Scorpio Tankers Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1706553941_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$70.00</td>
<td>$265.1K</td>
<td>514</td>
<td>1.0K</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$65.00</td>
<td>$109.8K</td>
<td>845</td>
<td>184</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$65.00</td>
<td>$80.2K</td>
<td>845</td>
<td>81</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/16/24</td>
<td>$65.00</td>
<td>$65.9K</td>
<td>2.4K</td>
<td>207</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/16/24</td>
<td>$65.00</td>
<td>$63.0K</td>
<td>2.4K</td>
<td>107</td>
</tr>
</tbody>
</table>
</p>
<h3>About Scorpio Tankers</h3>
<p>Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.</p>
<h3>Scorpio Tankers's Current Market Status</h3>
<ul>
<li>With a volume of 927,752, the price of STNG is up 0.77% at $72.2. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 17 days.</li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Scorpio Tankers, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Smart Money Is Betting Big In STNG Options

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Scorpio Tankers</strong>.</p>
<p>Looking at options history for Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) we detected 8 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.</p>
<p>From the overall spotted trades, 4 are puts, for a total amount of $149,690 and 4, calls, for a total amount of $197,450.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $75.0 for Scorpio Tankers during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Scorpio Tankers stands at 1109.5, with a total volume reaching 1,776.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Scorpio Tankers, situated within the strike price corridor from $60.0 to $75.0, throughout the last 30 days.</p>
<h3>Scorpio Tankers Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1706201216_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$60.00</td>
<td>$70.9K</td>
<td>1.7K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$75.00</td>
<td>$55.0K</td>
<td>260</td>
<td style="text-align: right;">104</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/16/24</td>
<td>$66.00</td>
<td>$39.7K</td>
<td>0</td>
<td style="text-align: right;">265</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/23/24</td>
<td>$65.00</td>
<td>$39.3K</td>
<td>2.4K</td>
<td style="text-align: right;">445</td>
</tr>
<tr>
<td>STNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/23/24</td>
<td>$65.00</td>
<td>$37.2K</td>
<td>2.4K</td>
<td style="text-align: right;">712</td>
</tr>
</tbody>
</table>
</p>
<h3>About Scorpio Tankers</h3>
<p>Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.</p>
<p>After a thorough review of the options trading surrounding Scorpio Tankers, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Scorpio Tankers Standing Right Now?</h3>
<ul>
<li>With a volume of 534,332, the price of STNG is up 1.66% at $70.3. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 21 days.</li>
</ul>
<p>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 Scorpio Tankers with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Check Out What Whales Are Doing With STNG

<p><strong>Scorpio Tankers Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) has disclosed the sale of an MR product tanker and has exercised the <a href="https://www.benzinga.com/pressreleases/24/01/g36636543/scorpio-tankers-inc-announces-an-agreement-to-sell-an-mr-product-tanker-and-the-exercise-of-purcha" target="_blank" rel="noreferrer noopener">purchase options on five ships</a>.</p>
<p>The company inked the deal to sell the 2015-built MR product tanker,&nbsp;STI Tribeca, for $39.1 million, which is projected to close in the first quarter 2024.</p>
<p>Also, STNG disclosed a notice to exercise its options to buy one 2015-built MR product tanker and four 2014-built Handymax product tankers (STI Brixton, STI Comandante, STI Pimlico and STI Finchley).</p>
<p>The acquisition is projected to occur first half FY24 and expected to reduce the company&#8217;s debt by $61.1 million.</p>
<p>Notably, as of Dec. 12, the company had <a href="https://www.benzinga.com/pressreleases/23/12/g36212661/scorpio-tankers-inc-announces-updates-on-fourth-quarter-2023-daily-tce-revenues-and-debt-and-lease" target="_blank" rel="noreferrer noopener">net debt of $1.23 billion</a>.</p>
<p>Last month, the company reported average daily Time Charter Equivalent (TCE) revenue for LR2, MR and Handymax vessels both in the pools and outside of the pools so far in Q4.</p>
<p>Chairman and Chief Executive Officer <strong>Emanuele Lauro</strong> said, &#8220;The product tanker market remains strong, MR rates have led the way and we are seeing an improvement in LR2 rates as winter demand increases and Middle East refinery maintenance concludes. Our balance sheet continues to improve and the commitments to repay the debt or lease financing obligations on 13 vessels reflect our commitment to lowering leverage and borrowing costs.&#8221; </p>
<p><strong>Price Action</strong>: STNG shares were down 0.99% to $64.03 at last check Tuesday.</p>
<p><em>Now Read: <a href="https://www.benzinga.com/news/large-cap/24/01/36644653/shell-suspends-red-sea-shipments-as-yemens-houthi-strikes-intensify-an-attack-on-the-global-econom">Shell Suspends Red Sea Shipments As Yemen&#8217;s Houthi Strikes Intensify: &#8216;An Attack On The Global Economy,&#8217; Blinken Says</a></em></p>
<p><em>Photo: Shutterstock</em></p>


<p>Scorpio Tankers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>) (&quot;Scorpio Tankers&quot; or the &quot;Company&quot;) announced today that it has entered into an agreement to sell an MR product tanker, and has exercised the purchase options on five ships.<br />
&nbsp;</p>
<p><strong>Sale of an MR Product Tanker</strong></p>
<p>The Company has entered into an agreement to sell the 2015 built MR product tanker,&nbsp;<em>STI Tribeca</em>, for&nbsp;$39.1 million. The sale of this vessel is expected to close within the&nbsp;first quarter&nbsp;of 2024.</p>
<p><strong>The Exercise of Purchase Options on Five Ships</strong></p>
<p>The Company has given notice to exercise its purchase options on one 2015 built MR product tanker (<em>STI Westminster</em>) and four 2014 built Handymax product tankers (<em>STI Brixton, STI Comandante, STI Pimlico&nbsp;</em>and<em>&nbsp;STI Finchley</em>). The purchases, which are expected to occur in the first half of 2024, will result in a debt reduction of&nbsp;$61.1 million&nbsp;for the Company.</p>


Scorpio Tankers Announces an Agreement to Sell an MR Product Tanker and the Exercise of Purchase Options on Five Ships

<p>High-rolling investors have positioned themselves bullish on Scorpio Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STNG#NYSE">STNG</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in STNG often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 14 options trades for Scorpio Tankers. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 71% bullish and 28% bearish. Among all the options we identified, there was one put, amounting to $48,794, and 13 calls, totaling $1,011,593.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $80.0 for Scorpio Tankers over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Scorpio Tankers stands at 1636.1, with a total volume reaching 4,886.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Scorpio Tankers, situated within the strike price corridor from $55.0 to $80.0, throughout the last 30 days.</p>
<h3>Scorpio Tankers 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1704390387_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$65.00</td>
<td>$196.7K</td>
<td>2.5K</td>
<td>606</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$130.5K</td>
<td>3.1K</td>
<td>200</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$65.00</td>
<td>$130.0K</td>
<td>3.1K</td>
<td>100</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/26/24</td>
<td>$70.00</td>
<td>$92.6K</td>
<td>14</td>
<td>667</td>
</tr>
<tr>
<td>STNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$69.00</td>
<td>$91.8K</td>
<td>225</td>
<td>1.5K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Scorpio Tankers</h3>
<p>Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.</p>
<p>In light of the recent options history for Scorpio Tankers, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Scorpio Tankers</h3>
<ul>
<li>With a volume of 879,628, the price of STNG is up 0.57% at $65.23. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 42 days.</li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Scorpio Tankers, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


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