Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Whales with a lot of money to spend have taken a noticeably bearish stance on Amgen.
Looking at options history for Amgen (NASDAQ:AMGN) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $87,820 and 8, calls, for a total amount of $345,235.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $270.0 to $345.0 for Amgen over the recent three months.
In terms of liquidity and interest, the mean open interest for Amgen options trades today is 240.4 with a total volume of 1,132.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Amgen's big money trades within a strike price range of $270.0 to $345.0 over the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
AMGN | CALL | SWEEP | BULLISH | 08/16/24 | $8.1 | $7.75 | $8.1 | $320.00 | $86.6K | 971 | 119 |
AMGN | CALL | TRADE | BULLISH | 08/16/24 | $10.5 | $9.45 | $10.5 | $320.00 | $52.5K | 971 | 1 |
AMGN | PUT | SWEEP | BEARISH | 07/19/24 | $5.05 | $4.75 | $4.93 | $317.50 | $50.3K | 80 | 0 |
AMGN | CALL | TRADE | BEARISH | 08/16/24 | $9.6 | $9.4 | $9.4 | $320.00 | $47.0K | 971 | 65 |
AMGN | CALL | SWEEP | BULLISH | 01/17/25 | $14.45 | $13.65 | $13.8 | $345.00 | $40.0K | 19 | 90 |
Amgen is a leader in biotechnology-based human therapeutics. Flagship drugs include red blood cell boosters Epogen and Aranesp, immune system boosters Neupogen and Neulasta, and Enbrel and Otezla for inflammatory diseases. Amgen introduced its first cancer therapeutic, Vectibix, in 2006 and markets bone-strengthening drug Prolia/Xgeva (approved 2010) and Evenity (2019). The acquisition of Onyx bolstered the firm's therapeutic oncology portfolio with Kyprolis. Recent launches include Repatha (cholesterol-lowering), Aimovig (migraine), Lumakras (lung cancer), and Tezspire (asthma). The 2023 Horizon acquisition brings several rare-disease drugs, including thyroid eye disease drug Tepezza. Amgen also has a growing biosimilar portfolio.
After a thorough review of the options trading surrounding Amgen, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $336.0.
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 Amgen options trades with real-time alerts from Benzinga Pro.
Posted In: AMGN