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This Is What Whales Are Betting On NCR

Someone with a lot of money to spend has taken a bearish stance on NCR NCR.

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 NCR, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga‘s options scanner spotted 15 uncommon options trades for NCR.

This isn’t normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the special options we uncovered, 11 are puts, for a total amount of $1,722,465, and 4 are calls, for a total amount of $427,715.

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 $20.0 to $35.0 for NCR over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for NCR’s options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of NCR’s whale activity within a strike price range from $20.0 to $35.0 in the last 30 days.

NCR 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
NCR PUT TRADE BEARISH 08/19/22 $28.00 $921.0K 5.5K 3.0K
NCR CALL SWEEP BULLISH 09/16/22 $35.00 $285.8K 262 843
NCR PUT SWEEP NEUTRAL 09/16/22 $33.00 $195.2K 104 331
NCR PUT SWEEP BULLISH 09/16/22 $33.00 $129.2K 104 800
NCR PUT TRADE BEARISH 07/15/22 $20.00 $114.2K 3.9K 3.5K
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NCR PUT TRADE BEARISH 08/19/22 $28.00 $921.0K 5.5K 3.0K
NCR CALL SWEEP BULLISH 09/16/22 $35.00 $285.8K 262 843
NCR PUT SWEEP NEUTRAL 09/16/22 $33.00 $195.2K 104 331
NCR PUT SWEEP BULLISH 09/16/22 $33.00 $129.2K 104 800
NCR PUT TRADE BEARISH 07/15/22 $20.00 $114.2K 3.9K 3.5K

Where Is NCR Standing Right Now?

  • With a volume of 1,660,274, the price of NCR is up 1.42% at $31.46.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 40 days.

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 NCR, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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