Financial giants have made a conspicuous bullish move on Seagate Technology Hldgs ( STX ). Our analysis of options history for Seagate Technology Hldgs ( STX ) revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $217,620, and 10 were calls, valued at $723,649.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $350.0 for Seagate Technology Hldgs ( STX ) over the last 3 months.
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 Seagate Technology Hldgs's ( STX ) 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 Seagate Technology Hldgs's ( STX ) whale activity within a strike price range from $50.0 to $350.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STX | CALL | TRADE | NEUTRAL | 24 | 0 | ||||||
| STX | CALL | SWEEP | BULLISH | 7 | 50 | ||||||
| STX | CALL | SWEEP | BEARISH | 539 | 89 | ||||||
| STX | PUT | SWEEP | NEUTRAL | 969 | 59 | ||||||
| STX | CALL | TRADE | NEUTRAL | 167 | 117 |
Seagate Technology ( STX ) is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
Currently trading with a volume of 887,106, the STX's price is down by -0.87%, now at $251.18.
RSI readings suggest the stock is currently may be approaching overbought.
Anticipated earnings release is in 56 days.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $234.0.
Unusual Options Activity Detected: Smart Money on the Move
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* An analyst from Citigroup persists with their Buy rating on Seagate Technology Hldgs ( STX ), maintaining a target price of $275.
* An analyst from Benchmark persists with their Buy rating on Seagate Technology Hldgs ( STX ), maintaining a target price of $255.
* An analyst from Susquehanna has decided to maintain their Negative rating on Seagate Technology Hldgs ( STX ), which currently sits at a price target of $150.
* Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Seagate Technology Hldgs ( STX ), targeting a price of $240.
* An analyst from Wells Fargo persists with their Equal-Weight rating on Seagate Technology Hldgs ( STX ), maintaining a target price of $250.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Seagate Technology Hldgs ( STX ) with Benzinga Pro for real-time alerts.
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