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Spotlight on Charles Schwab: Analyzing the Surge in Options Activity

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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 9 uncommon options trades for Charles Schwab.

This isn’t normal.

The overall sentiment of these big-money traders is split between 33% bullish and 33%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $102,750, and 7 are calls, for a total amount of $583,775.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $80.0 for Charles Schwab during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Charles Schwab’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 Charles Schwab’s whale activity within a strike price range from $55.0 to $80.0 in the last 30 days.

Charles Schwab Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SCHW CALL TRADE BULLISH 07/19/24 $2.72 $2.67 $2.71 $80.00 $271.0K 5.5K 1.0K
SCHW CALL SWEEP BEARISH 06/21/24 $9.0 $8.5 $8.55 $70.00 $85.5K 6.7K 110
SCHW CALL SWEEP BULLISH 06/21/24 $23.5 $23.45 $23.5 $55.00 $72.8K 651 31
SCHW PUT TRADE NEUTRAL 01/17/25 $6.9 $6.8 $6.85 $80.00 $68.5K 361 250
SCHW CALL TRADE BEARISH 03/21/25 $21.35 $21.0 $21.0 $60.00 $52.5K 25 25

About Charles Schwab

Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also…

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