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Investors with a lot of money to spend have taken a bearish stance on Vertiv Hldgs (NYSE:VRT).
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 VRT, 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 22 uncommon options trades for Vertiv Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 45%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $654,480, and 17 are calls, for a total amount of $1,876,725.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $62.5 to $125.0 for Vertiv Hldgs over the last 3 months.
In today's trading context, the average open interest for options of Vertiv Hldgs stands at 965.25, with a total volume reaching 9,390.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Vertiv Hldgs, situated within the strike price corridor from $62.5 to $125.0, throughout the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
VRT | PUT | SWEEP | BEARISH | 10/18/24 | $17.1 | $16.9 | $17.1 | $92.50 | $487.3K | 16 | 285 |
VRT | CALL | SWEEP | BULLISH | 10/18/24 | $4.4 | $4.2 | $4.4 | $85.00 | $219.1K | 1.6K | 1.5K |
VRT | CALL | SWEEP | BEARISH | 10/18/24 | $4.4 | $4.2 | $4.2 | $85.00 | $210.0K | 1.6K | 2.0K |
VRT | CALL | SWEEP | BEARISH | 10/18/24 | $4.0 | $3.9 | $3.9 | $85.00 | $195.0K | 1.6K | 535 |
VRT | CALL | SWEEP | BEARISH | 09/27/24 | $2.3 | $2.0 | $2.12 | $87.00 | $183.9K | 5 | 857 |
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East & Africa.
Having examined the options trading patterns of Vertiv Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $98.5.
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 Vertiv Hldgs options trades with real-time alerts from Benzinga Pro.
Posted In: VRT