Benzinga's options scanner just detected over 20 options trades for Seagate Tech Hldgs STX summing a total amount of $1,508,136.
At the same time, our algo caught 12 for a total amount of 1,000,924.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $105.0 for Seagate Tech Hldgs, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Seagate Tech Hldgs options trades today is 1762.0 with a total volume of 8,865.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Seagate Tech Hldgs's big money trades within a strike price range of $30.0 to $105.0 over the last 30 days.
Seagate Tech Hldgs Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STX | CALL | SWEEP | BULLISH | 05/17/24 | $2.0 | $1.8 | $1.95 | $105.00 | $297.5K | 1.4K | 1.8K |
| STX | PUT | SWEEP | BULLISH | 01/17/25 | $11.4 | $11.2 | $11.22 | $92.50 | $112.2K | 33 | 486 |
| STX | PUT | SWEEP | BULLISH | 01/17/25 | $11.4 | $11.2 | $11.2 | $92.50 | $112.1K | 33 | 686 |
| STX | PUT | SWEEP | BULLISH | 01/17/25 | $11.4 | $11.2 | $11.2 | $92.50 | $108.7K | 33 | 949 |
| STX | PUT | SWEEP | BULLISH | 01/17/25 | $11.4 | $11.2 | $11.2 | $92.50 | $108.6K | 33 | 814 |
About Seagate Tech Hldgs
Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
Having examined the options trading patterns of Seagate Tech Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Seagate Tech Hldgs Standing Right Now?
- Trading volume stands at 943,409, with STX's price down by 0.0%, positioned at $91.63.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 14 days.
Expert Opinions on Seagate Tech Hldgs
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $105.0.
- An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $95.
- An analyst from Morgan Stanley has elevated its stance to Overweight, setting a new price target at $115.
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 Seagate Tech Hldgs, Benzinga Pro gives you real-time options trades alerts.
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