Benzinga's options scanner just detected over 17 options trades for HP (NYSE:HPQ) summing a total amount of $594,611.
At the same time, our algo caught 6 for a total amount of 376,761.
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 $33.0 to $41.0 for HP over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for HP options trades today is 3377.5 with a total volume of 14,136.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for HP's big money trades within a strike price range of $33.0 to $41.0 over the last 30 days.
HP 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 |
|---|---|---|---|---|---|---|---|---|
| HPQ | PUT | TRADE | NEUTRAL | 06/17/22 | $36.00 | $98.9K | 13.8K | 0 |
| HPQ | PUT | TRADE | BULLISH | 01/20/23 | $33.00 | $77.3K | 967 | 261 |
| HPQ | PUT | SWEEP | BEARISH | 06/17/22 | $40.00 | $66.7K | 5.5K | 117 |
| HPQ | CALL | TRADE | BEARISH | 06/17/22 | $36.00 | $60.0K | 4.3K | 6.5K |
| HPQ | CALL | SWEEP | BULLISH | 09/16/22 | $35.00 | $56.0K | 0 | 742 |
Where Is HP Standing Right Now?
- With a volume of 4,152,950, the price of HPQ is up 1.47% at $34.24.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 71 days.
What The Experts Say On HP:
- Citigroup has decided to maintain their Neutral rating on HP, which currently sits at a price target of $40.
- Barclays has decided to maintain their Underweight rating on HP, which currently sits at a price target of $32.
- JP Morgan has decided to maintain their Neutral rating on HP, which currently sits at a price target of $39.
- Citigroup downgraded its action to Neutral with a price target of $38
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 HP, Benzinga Pro gives you real-time options trades alerts.
