Financial giants have made a conspicuous bearish move on Charles Schwab. Our analysis of options history for Charles Schwab (NYSE:SCHW) revealed 12 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $238,500, and 9 were calls, valued at $673,400.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $82.0 and $82.5 for Charles Schwab, spanning the last 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 Charles Schwab'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 Charles Schwab's whale activity within a strike price range from $82.0 to $82.5 in the last 30 days.
Charles Schwab 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SCHW | CALL | SWEEP | BEARISH | 12/20/24 | $1.05 | $0.8 | $1.05 | $82.50 | $213.0K | 12.9K | 2.0K |
| SCHW | CALL | TRADE | BEARISH | 12/20/24 | $0.7 | $0.59 | $0.6 | $82.50 | $121.9K | 12.9K | 9.7K |
| SCHW | PUT | SWEEP | BEARISH | 12/20/24 | $1.03 | $0.93 | $0.93 | $82.00 | $108.7K | 275 | 7 |
| SCHW | CALL | SWEEP | BULLISH | 12/20/24 | $0.6 | $0.59 | $0.6 | $82.50 | $99.3K | 12.9K | 7.2K |
| SCHW | PUT | TRADE | BEARISH | 12/20/24 | $1.03 | $0.91 | $0.99 | $82.00 | $74.8K | 275 | 1.9K |
About Charles Schwab
Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.
Following our analysis of the options activities associated with Charles Schwab, we pivot to a closer look at the company's own performance.
Current Position of Charles Schwab With a volume of 121,547, the price of SCHW is down -0.14% at $82.73. RSI indicators hint that the underlying stock may be approaching overbought. Next earnings are expected to be released in 33 days. What Analysts Are Saying About Charles Schwab
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $93.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $94. * An analyst from Barclays upgraded its action to Overweight with a price target of $95. * An analyst from Jefferies persists with their Buy rating on Charles Schwab, maintaining a target price of $94. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Charles Schwab, targeting a price of $90.
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 Charles Schwab, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
