Someone with a lot of money to spend has taken a bullish stance on Five9 FIVN.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with FIVN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Five9.
This isn't normal.
The overall sentiment of these big-money traders is split between 100% bullish and 0%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $95,400, and 9, calls, for a total amount of $1,079,840..
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $85.0 for Five9 over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Five9 options trades today is 934.0 with a total volume of 6,881.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Five9's big money trades within a strike price range of $60.0 to $85.0 over the last 30 days.
Five9 Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FIVN | CALL | SWEEP | BULLISH | 06/16/23 | $60.00 | $249.9K | 2.2K | 436 |
| FIVN | CALL | SWEEP | BULLISH | 06/16/23 | $60.00 | $194.4K | 2.2K | 1.5K |
| FIVN | CALL | SWEEP | BULLISH | 06/16/23 | $60.00 | $193.2K | 2.2K | 798 |
| FIVN | CALL | SWEEP | BULLISH | 06/16/23 | $60.00 | $151.0K | 2.2K | 1.1K |
| FIVN | CALL | SWEEP | BULLISH | 06/16/23 | $60.00 | $115.0K | 2.2K | 935 |
Where Is Five9 Standing Right Now?
- With a volume of 853,961, the price of FIVN is up 3.37% at $68.34.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 56 days.
What The Experts Say On Five9:
- Roth MKM downgraded its action to Buy with a price target of $80
- Mizuho downgraded its action to Buy with a price target of $100
- Keybanc has decided to maintain their Overweight rating on Five9, which currently sits at a price target of $81.
- Needham downgraded its action to Buy with a price target of $90
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Five9, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
