Investors with a lot of money to spend have taken a bullish stance on Charles Schwab (NYSE:SCHW).
And retail traders should know.
We noticed this today when the trades 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 SCHW, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 19 uncommon options trades for Charles Schwab.
This isn't normal.
The overall sentiment of these big-money traders is split between 47% bullish and 42%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $444,797, and 10 are calls, for a total amount of $538,842.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $75.0 for Charles Schwab over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Charles Schwab stands at 1285.46, with a total volume reaching 1,254.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Charles Schwab, situated within the strike price corridor from $50.0 to $75.0, throughout the last 30 days.
Charles Schwab 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SCHW | PUT | SWEEP | BEARISH | 12/20/24 | $3.3 | $3.25 | $3.25 | $60.00 | $113.7K | 1.3K | 124 |
| SCHW | CALL | TRADE | BEARISH | 03/21/25 | $7.8 | $7.6 | $7.65 | $60.00 | $93.3K | 67 | 0 |
| SCHW | CALL | TRADE | BULLISH | 01/16/26 | $6.7 | $6.3 | $6.65 | $70.00 | $81.1K | 985 | 115 |
| SCHW | PUT | SWEEP | BEARISH | 12/20/24 | $6.9 | $6.9 | $6.9 | $67.50 | $69.0K | 1.5K | 0 |
| SCHW | CALL | SWEEP | BULLISH | 03/21/25 | $6.45 | $6.4 | $6.45 | $62.50 | $64.5K | 21 | 0 |
About Charles Schwab
Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.
After a thorough review of the options trading surrounding Charles Schwab, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Charles Schwab
- With a volume of 6,070,480, the price of SCHW is down -1.55% at $62.81.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 88 days.
Professional Analyst Ratings for Charles Schwab
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $76.8.
- An analyst from B of A Securities has decided to maintain their Underperform rating on Charles Schwab, which currently sits at a price target of $66.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Charles Schwab, targeting a price of $71.
- Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Charles Schwab with a target price of $79.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Charles Schwab with a target price of $78.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Charles Schwab, targeting a price of $90.
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 Charles Schwab, Benzinga Pro gives you real-time options trades alerts.