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 CALL||TO SWEEP UP||BULLISH||08/19/22||$16.00||$65,600||1.9K||22|
|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.