That’s what whales bet on Teradyne

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
TER TO PUT TRADE BEARISH 02/18/22 $120.00 $81,000 1.2K 137
TER TO PUT TRADE BEARISH 02/18/22 $120.00 $71,000 1.2K 84

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.

About Mildred B.

Check Also

European stocks open at the close, data, earnings and market movements

European markets were slightly higher on Monday as investors braced for a busy week in …