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What Are Whales Doing With Fisker

Someone with a lot of money to spend has taken a bullish stance on Fisker FSR.

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

Today, Benzinga’s options scanner spotted 11 options trades for Fisker.

This isn’t normal.

The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $341,511, and 10, calls, for a total amount of $732,759..

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 $7.0 to $10.0 for Fisker 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 Fisker’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 Fisker’s whale activity within a strike price range from $7.0 to $10.0 in the last 30 days.

Fisker 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
FSR PUT SWEEP BULLISH 05/19/23 $7.00 $341.5K 0 0
FSR CALL SWEEP BULLISH 01/17/25 $10.00 $114.0K 1.7K 504
FSR CALL TRADE BEARISH 01/17/25 $10.00 $110.7K 1.7K 1.1K
FSR CALL SWEEP BEARISH 01/19/24 $10.00 $104.9K 9.7K 1.3K
FSR CALL SWEEP BULLISH 01/17/25 $10.00 $91.5K 1.7K 1.4K
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
FSR PUT SWEEP BULLISH 05/19/23 $7.00 $341.5K 0 0
FSR CALL SWEEP BULLISH 01/17/25 $10.00 $114.0K 1.7K 504
FSR CALL TRADE BEARISH 01/17/25 $10.00 $110.7K 1.7K 1.1K
FSR CALL SWEEP BEARISH 01/19/24 $10.00 $104.9K 9.7K 1.3K
FSR CALL SWEEP BULLISH 01/17/25 $10.00 $91.5K 1.7K 1.4K

Where Is Fisker Standing Right Now?

  • With a volume of 1,746,619, the price of FSR is up 0.36% at $8.34.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 42 days.

What The Experts Say On Fisker:

  • Needham downgraded its action to Buy with a price target of $12

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

This post was originally published on this site

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