Whales with a lot of money to spend have taken a noticeably bearish stance on Globe Life.
Looking at options history for Globe Life GL we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $73,490 and 11, calls, for a total amount of $756,589.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $80.0 for Globe Life over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Globe Life's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Globe Life's substantial trades, within a strike price spectrum from $40.0 to $80.0 over the preceding 30 days.
Globe Life Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GL | CALL | TRADE | BEARISH | 07/19/24 | $7.5 | $7.2 | $7.21 | $80.00 | $144.2K | 279 | 494 |
| GL | CALL | TRADE | BULLISH | 07/19/24 | $8.2 | $7.8 | $8.2 | $80.00 | $81.9K | 279 | 291 |
| GL | CALL | SWEEP | BULLISH | 07/19/24 | $8.3 | $7.9 | $8.2 | $80.00 | $81.9K | 279 | 391 |
| GL | CALL | SWEEP | BULLISH | 05/17/24 | $6.2 | $6.0 | $6.2 | $75.00 | $74.9K | 1.9K | 477 |
| GL | CALL | TRADE | NEUTRAL | 05/17/24 | $39.2 | $38.0 | $38.54 | $40.00 | $69.3K | 289 | 30 |
About Globe Life
Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.
Current Position of Globe Life
- With a volume of 2,622,365, the price of GL is down -3.47% at $75.87.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 90 days.
Professional Analyst Ratings for Globe Life
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $105.0.
- Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Market Perform rating for Globe Life, targeting a price of $130.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Globe Life, targeting a price of $130.
- In a positive move, an analyst from Keefe, Bruyette & Woods has upgraded their rating to Outperform and adjusted the price target to $110.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Globe Life with a target price of $80.
- An analyst from Evercore ISI Group persists with their In-Line rating on Globe Life, maintaining a target price of $75.
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 Globe Life, 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 |
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