Whales with a lot of money to spend have taken a noticeably bearish stance on Corebridge Financial.
Looking at options history for Corebridge Financial (NYSE:CRBG) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $285,832 and 3, calls, for a total amount of $138,840.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $28.84 for Corebridge Financial over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Corebridge Financial options trades today is 12198.33 with a total volume of 11,281.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Corebridge Financial's big money trades within a strike price range of $25.0 to $28.84 over the last 30 days.
Corebridge Financial Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CRBG | PUT | SWEEP | BEARISH | 07/19/24 | $25.00 | $86.9K | 21.7K | 3.4K |
| CRBG | PUT | SWEEP | BEARISH | 07/19/24 | $25.00 | $78.6K | 21.7K | 2.5K |
| CRBG | CALL | TRADE | BULLISH | 04/19/24 | $28.84 | $55.0K | 5.0K | 1.0K |
| CRBG | CALL | SWEEP | BULLISH | 04/19/24 | $28.84 | $45.0K | 5.0K | 59 |
| CRBG | PUT | SWEEP | BULLISH | 07/19/24 | $25.00 | $39.2K | 21.7K | 643 |
About Corebridge Financial
Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other. The majority of its revenue derives from the Individual Retirement segment.
Following our analysis of the options activities associated with Corebridge Financial, we pivot to a closer look at the company's own performance.
Where Is Corebridge Financial Standing Right Now?
- With a trading volume of 5,592,781, the price of CRBG is up by 1.1%, reaching $27.53.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 47 days from now.
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.