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A whale with plenty of money to spend has taken a noticeably bearish stance on Galactic Pristine Backgrounds.
Option History Review for Virgin Galactic Hldgs SPCE we detected 11 strange trades.
Looking at the specifics of each trade, it is correct to say that 36% of investors opened trades with bullish expectations and 63% with bearish expectations.
Of all the transactions identified, 9 are put options, for a total amount of $2,156,856 and 2 are call options, for a total amount of $149,000.
What is the target price?
Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $6.0 to $27.0 for Virgin Galactic Hldgs over the past 3 months.
Development of volume and open interest
In terms of liquidity and interest, the average open interest for Virgin Galactic Hldgs options trades today is 7405.33 with a total volume of 11,480.00.
In the following chart we are able to track the development of the volume and open interest of call and put options for large Virgin Galactic Hldgs trades within a strike price range of 6.0 $ to $27.0 in the last 30 days.
Virgin Galactic Hldgs Options Volume and Open Interest in the Last 30 Days
The biggest options spotted:
| Symbol | PUT/CALL | Kind of trade | Feeling | Exp. Date | Strike price | Total trade price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SPCE | PUT | TRADE | BULLISH | 07/15/22 | $10.00 | $1.7M | 11.9K | 5.2K |
| SPCE | PUT | TRADE | BULLISH | 07/15/22 | $15.00 | $166,000 | 2.8K | 200 |
| SPCE | CALL | TRADE | BULLISH | 07/15/22 | $10.00 | $105,000 | 14.9K | 5.0K |
| SPCE | PUT | SWEEP | BEARISH | 01/20/23 | $22.00 | $60.2,000 | 5.6K | 39 |
| SPCE | CALL | TRADE | NEUTRAL | 01/20/23 | $6.00 | $44,000 | 327 | 205 |
| Symbol | PUT/CALL | Kind of trade | Feeling | Exp. Date | Strike price | Total trade price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SPCE | PUT | TRADE | BULLISH | 07/15/22 | $10.00 | $1.7M | 11.9K | 5.2K |
| SPCE | PUT | TRADE | BULLISH | 07/15/22 | $15.00 | $166,000 | 2.8K | 200 |
| SPCE | CALL | TRADE | BULLISH | 07/15/22 | $10.00 | $105,000 | 14.9K | 5.0K |
| SPCE | PUT | SWEEP | BEARISH | 01/20/23 | $22.00 | $60.2,000 | 5.6K | 39 |
| SPCE | CALL | TRADE | NEUTRAL | 01/20/23 | $6.00 | $44,000 | 327 | 205 |
How is Virgin Galactic Hldgs doing right now?
- With a volume of 4,368,182, the price of SPCE is down -5.28% to $6.64.
- RSI indicators suggest that the underlying stock is currently neutral between overbought and oversold.
- The next results should be published in 64 days.
What experts say about Virgin Galactic Hldgs:
- Canaccord Genuity downgraded its stock to Hold with a price target of $8
- Truist Securities downgraded its stock to Hold with a price target of $8
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 want to stay up to date on the latest options trading for {d[company_name]}, Benzinga Pro gives you real-time alerts on options trades.
