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What Are Whales Doing With SIGA Technologies

Someone with a lot of money to spend has taken a bullish stance on SIGA Technologies SIGA.

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

Today, Benzinga’s options scanner spotted 31 options trades for SIGA Technologies.

This isn’t normal.

The overall sentiment of these big-money traders is split between 51% bullish and 48%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $42,000, and 30, calls, for a total amount of $1,363,294..

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 $9.55 to $35.0 for SIGA Technologies 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 SIGA Technologies’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 SIGA Technologies’s whale activity within a strike price range from $9.55 to $35.0 in the last 30 days.

SIGA Technologies 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
SIGA CALL SWEEP BEARISH 08/19/22 $17.50 $142.1K 9.0K 707
SIGA CALL SWEEP BULLISH 08/19/22 $20.00 $91.3K 11.4K 4.0K
SIGA CALL SWEEP BULLISH 08/19/22 $22.50 $80.8K 5.3K 2.3K
SIGA CALL SWEEP NEUTRAL 08/19/22 $17.50 $62.3K 9.0K 707
SIGA CALL TRADE BEARISH 09/16/22 $20.00 $55.2K 4.2K 720
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SIGA CALL SWEEP BEARISH 08/19/22 $17.50 $142.1K 9.0K 707
SIGA CALL SWEEP BULLISH 08/19/22 $20.00 $91.3K 11.4K 4.0K
SIGA CALL SWEEP BULLISH 08/19/22 $22.50 $80.8K 5.3K 2.3K
SIGA CALL SWEEP NEUTRAL 08/19/22 $17.50 $62.3K 9.0K 707
SIGA CALL TRADE BEARISH 09/16/22 $20.00 $55.2K 4.2K 720

Where Is SIGA Technologies Standing Right Now?

  • With a volume of 17,688,835, the price of SIGA is up 16.9% at $22.76.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 90 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 SIGA Technologies, Benzinga Pro gives you real-time options trades alerts.

This post was originally published on this site

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