Someone with a lot of money to spend has taken a bullish stance on Teradyne TER.
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 is an institution or just a wealthy individual, we don’t know. But when something this big happens with TER, it often means someone knows something is going to happen.
So how do we know what this whale just did?
Today, Benzinga’s options scanner spotted 20 unusual options trades for Teradyne.
It’s not normal.
The general sentiment of these big traders is split between 50% bullish and 50% bearish.
Of all the special options we discovered, 18 are put options, totaling $788,214, and 2 are call options, totaling $130,370.
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 $80.0 to $140.0 for Teradyne over the past 3 months.
Development of volume and open interest
In terms of liquidity and interest, the average open interest for Teradyne options trades today is 409.56 with a total volume of 8,294.00.
In the following chart, we are able to track the volume and open interest of call and put options for Teradyne’s large trades within a strike price range of $80.0 to $140.0 in the last 30 days.
Teradyne Options 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|
|TER||TO CALL||TO SWEEP UP||BULLISH||07/15/22||$105.00||$105,300||0||160|
|TER||TO PUT||TO SWEEP UP||BULLISH||02/18/22||$135.00||$92,600||1.0K||347|
|TER||TO PUT||TO SWEEP UP||BULLISH||02/18/22||$140.00||$87.2K||338||65|
Where is Teradyne right now?
- With a volume of 8,823,285, the price of TER is down -26.57% at $105.28.
- RSI indicators suggest that the underlying stock may be oversold.
- The next results should be published in 89 days.
What experts say about Teradyne:
- Loop Capital downgraded its stock to Buy with a price target of $202
- Keybanc downgraded its stock to Overweight with a target price of $180
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.