Behind the Scenes of Mobileye Global's Latest Options Trends
Investors with a lot of money to spend have taken a bullish stance on Mobileye Global (NASDAQ:MBLY).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MBLY, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Mobileye Global.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,860, and 7, calls, for a total amount of $427,703.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $27.0 to $37.0 for Mobileye Global over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Mobileye Global stands at 3786.71, with a total volume reaching 3,694.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Mobileye Global, situated within the strike price corridor from $27.0 to $37.0, throughout the last 30 days.
Mobileye Global Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MBLY | CALL | SWEEP | BULLISH | 08/16/24 | $1.6 | $1.55 | $1.6 | $30.00 | $120.0K | 8.2K | 282 |
| MBLY | CALL | SWEEP | NEUTRAL | 01/17/25 | $2.8 | $2.55 | $2.7 | $35.00 | $107.4K | 1.3K | 7 |
| MBLY | CALL | SWEEP | BEARISH | 01/16/26 | $5.7 | $5.5 | $5.5 | $37.00 | $58.8K | 96 | 0 |
| MBLY | CALL | SWEEP | NEUTRAL | 08/16/24 | $2.4 | $2.3 | $2.4 | $28.00 | $48.0K | 1.6K | 146 |
| MBLY | CALL | SWEEP | BULLISH | 08/16/24 | $1.9 | $1.85 | $1.9 | $30.00 | $39.9K | 8.2K | 2.6K |
About Mobileye Global
Mobileye Global Inc engages in the development and deployment of ADAS and autonomous driving technologies and solutions. It is building a portfolio of end-to-end ADAS and autonomous driving solutions to provide the capabilities needed for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies. Mobileye is the Company's only reportable operating segment. Its solutions comprise Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, Mobileye Drive, Self-Driving System & Vehicles. It also provides data services to Expedite Maintenance Operations with AI-Powered Road Survey Technology.
In light of the recent options history for Mobileye Global, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Mobileye Global's Current Market Status
- With a trading volume of 1,686,686, the price of MBLY is up by 3.6%, reaching $27.02.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 29 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Mobileye Global options trades with real-time alerts from Benzinga Pro.