Financial giants have made a conspicuous bullish move on Medtronic ( MDT ). Our analysis of options history for Medtronic ( MDT ) revealed 20 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $589,660, and 11 were calls, valued at $949,530.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $95.0 for Medtronic ( MDT ) over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Medtronic ( MDT ) options trades today is 942.55 with a total volume of 26,313.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Medtronic's ( MDT ) big money trades within a strike price range of $85.0 to $95.0 over the last 30 days.

Medtronic Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About Medtronic

One of the largest medical-device companies, Medtronic ( MDT ) develops and manufactures therapeutic medical devices for chronic diseases. Its portfolio includes pacemakers, defibrillators, heart valves, stents, insulin pumps, spinal fixation devices, neurovascular products, advanced energy, and surgical tools. The company markets its products to healthcare institutions and physicians in the United States and overseas. Foreign sales account for roughly 50% of the company's total sales.

Following our analysis of the options activities associated with Medtronic ( MDT ), we pivot to a closer look at the company's own performance.

Current Position of Medtronic

With a trading volume of 4,822,351, the price of MDT is up by 0.56%, reaching $92.72.

Current RSI values indicate that the stock is may be approaching overbought.

Next earnings report is scheduled for 4 days from now.

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If you want to stay updated on the latest options trades for Medtronic ( MDT ), Benzinga Pro gives you real-time options trades alerts.