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High-rolling investors have positioned themselves bearish on AbbVie (NYSE:ABBV), and it's important for retail traders to take note. \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 ABBV often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for AbbVie. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $32,558, and 7 calls, totaling $350,955.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $180.0 for AbbVie during the past quarter.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for AbbVie's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across AbbVie's significant trades, within a strike price range of $140.0 to $180.0, over the past month.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ABBV | CALL | SWEEP | BEARISH | 07/19/24 | $9.65 | $9.0 | $9.08 | $160.00 | $118.1K | 1.3K | 0 |
| ABBV | CALL | TRADE | BEARISH | 03/21/25 | $12.9 | $12.65 | $12.65 | $170.00 | $59.4K | 203 | 3 |
| ABBV | CALL | SWEEP | BULLISH | 09/20/24 | $4.1 | $4.1 | $4.1 | $175.00 | $41.4K | 3.1K | 1 |
| ABBV | CALL | TRADE | NEUTRAL | 03/21/25 | $13.2 | $11.85 | $12.5 | $170.00 | $41.2K | 203 | 57 |
| ABBV | PUT | SWEEP | BEARISH | 07/19/24 | $1.46 | $1.44 | $1.45 | $165.00 | $32.5K | 4.0K | 20 |
AbbVie is a pharmaceutical firm with a strong exposure to immunology (with Humira, Skyrizi, and Rinvoq) and oncology (with Imbruvica and Venclexta). The company was spun off from Abbott in early 2013. The 2020 acquisition of Allergan added several new products and drugs in aesthetics (including Botox).
After a thorough review of the options trading surrounding AbbVie, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $191.66666666666666.
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 AbbVie, Benzinga Pro gives you real-time options trades alerts.
Posted In: ABBV
