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Looking At CVR Partners's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on CVR Partners UAN.

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 UAN, 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 12 uncommon options trades for CVR Partners.

This isn’t normal.

The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $255,180, and 6 are calls, for a total amount of $663,500.

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 $75.0 to $195.0 for CVR Partners 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 CVR Partners’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 CVR Partners’s whale activity within a strike price range from $75.0 to $195.0 in the last 30 days.

CVR Partners Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UAN CALL SWEEP BEARISH 08/19/22 $75.00 $260.0K 12 51
UAN CALL SWEEP BEARISH 08/19/22 $85.00 $207.2K 35 37
UAN CALL TRADE BEARISH 08/19/22 $75.00 $65.0K 12 11
UAN CALL TRADE BULLISH 11/18/22 $150.00 $58.5K 55 20
UAN PUT TRADE BEARISH 12/16/22 $155.00 $50.0K 171 10

Where Is CVR Partners Standing Right Now?

  • With a volume of 55,815, the price of UAN is up 4.27% at $137.42.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 80 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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

This post was originally published on this site

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