Investors with a lot of money to spend have taken a bearish stance on S&P Global (NYSE:SPGI).
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 SPGI, 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 20 uncommon options trades for S&P Global.
This isn’t normal.
The overall sentiment of these big-money traders is split between 35% bullish and 45%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $1,155,573, and 7 are calls, for a total amount of $618,590.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $500.0 for S&P Global 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 S&P Global’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 S&P Global’s whale activity within a strike price range from $250.0 to $500.0 in the last 30 days.
S&P Global Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
About S&P Global
S&P Global’s Current Market Status
- With a volume of 2,285,103, the price of SPGI is down -0.52% at $398.99.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 76 days.
Professional Analyst Ratings for S&P Global
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $565.2.
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.