Financial giants have made a conspicuous bullish move on AstraZeneca ( AZN ). Our analysis of options history for AstraZeneca ( AZN ) revealed 11 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 18% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $320,360, and 5 were calls, valued at $216,678.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $95.0 for AstraZeneca ( AZN ) over the recent three months.
In today's trading context, the average open interest for options of AstraZeneca ( AZN ) stands at 1822.71, with a total volume reaching 912.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AstraZeneca ( AZN ), situated within the strike price corridor from $60.0 to $95.0, throughout the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AZN | PUT | SWEEP | NEUTRAL | 1 | 75 | ||||||
| AZN | CALL | TRADE | BEARISH | 117 | 50 | ||||||
| AZN | CALL | TRADE | NEUTRAL | 1.8K | 96 | ||||||
| AZN | CALL | SWEEP | BULLISH | 2.8K | 12 | ||||||
| AZN | PUT | SWEEP | BEARISH | 1 | 75 |
A merger between Astra of Sweden and Zeneca Group of the United Kingdom formed AstraZeneca ( AZN ) in 1999. The firm sells branded drugs across a number of major therapeutic areas, including gastrointestinal, diabetes, cardiovascular, respiratory, cancer, immunology and rare diseases. The majority of sales come from international markets with the United States representing close to one third of its sales.
Trading volume stands at 1,628,717, with AZN's price up by 4.08%, positioned at $73.83.
RSI indicators show the stock to be may be overbought.
Earnings announcement expected in 0 days.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
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 AstraZeneca ( AZN ), Benzinga Pro gives you real-time options trades alerts.