Deep-pocketed investors have adopted a bearish approach towards Vertiv Hldgs (NYSE:VRT), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in VRT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Vertiv Hldgs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 66% bearish. Among these notable options, 3 are puts, totaling $157,150, and 9 are calls, amounting to $882,225.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $90.0 for Vertiv Hldgs during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Vertiv Hldgs'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 Vertiv Hldgs's whale trades within a strike price range from $30.0 to $90.0 in the last 30 days.
Vertiv Hldgs Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VRT | CALL | TRADE | BEARISH | 07/26/24 | $4.9 | $4.8 | $4.8 | $85.00 | $240.0K | 49 | 10 |
| VRT | CALL | SWEEP | BULLISH | 07/05/24 | $2.0 | $1.7 | $1.9 | $85.00 | $189.9K | 150 | 107 |
| VRT | CALL | TRADE | BEARISH | 08/16/24 | $8.3 | $8.0 | $8.0 | $85.00 | $160.0K | 187 | 0 |
| VRT | PUT | SWEEP | BEARISH | 12/20/24 | $9.6 | $9.5 | $9.6 | $77.50 | $96.0K | 9 | 0 |
| VRT | CALL | TRADE | BEARISH | 07/12/24 | $1.75 | $1.5 | $1.5 | $90.00 | $75.0K | 8.5K | 92 |
About Vertiv Hldgs
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East & Africa.
After a thorough review of the options trading surrounding Vertiv Hldgs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Vertiv Hldgs
- Trading volume stands at 1,719,258, with VRT's price down by -2.32%, positioned at $84.56.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 30 days.
Expert Opinions on Vertiv Hldgs
In the last month, 1 experts released ratings on this stock with an average target price of $105.0.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Vertiv Hldgs, targeting a price of $105.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Vertiv Hldgs with Benzinga Pro for real-time alerts.