Find out what whales are doing with FUBO

Someone with a lot of money to spend has taken a bearish stance on Fubo TV FUBO.

And retailers should know that.

We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.

Whether it’s an institution or just a wealthy individual, we don’t know. But when something this big happens with FUBO, it often means someone knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner spotted 10 uncommon options trades for FuboTV.

It’s not normal.

The general sentiment of these big traders is split between 30% bullish and 70% bearish.

Of all the special options we discovered, 7 are put options, totaling $335,545, and 3 are call options, totaling $157,147.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have been targeting a price range of $10.0 to $36.0 for FuboTV over the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for FuboTV options trades today is 1539.11 with a total volume of 8,696.00.

In the following chart, we are able to track the development of the volume and open interest of call and put options for large FuboTV trades within a strike price range of $10.0 to $36.0 in the last 30 days.

FuboTV Option Volume and Open Interest in the Last 30 Days

The biggest options spotted:

symbol PUT/CALL Kind of trade Feeling Exp. Dated Strike price Total trade price open interest Volume
FUBO TO PUT TRADE BEARISH 11/02/22 $13.00 $114,900 139 1.0K
FUBO TO CALL TO SWEEP UP BULLISH 08/19/22 $16.00 $65,600 1.9K 22
FUBO TO CALL TRADE BEARISH 02/18/22 $10.00 $65.4,000 1.1K 534
FUBO TO PUT TO SWEEP UP BEARISH 04/02/22 $11.50 $53,900 1.9K 1.0K
FUBO TO PUT TO SWEEP UP BULLISH 04/02/22 $11.00 $43,300 3.9K 2.4K

Where is FuboTV at the moment?

  • With a volume of 10,609,880, the price of FUBO is down -7.8% to $10.4.
  • RSI indicators suggest that the underlying stock may be oversold.
  • The next results should be published in 27 days.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you are already an options trader or want to get started, head over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analysis to bolster your investment and trading strategy.

About Mildred B.

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