Decoding Futu Hldgs Options Activity: What's the Big Picture? – Futu Hldgs (NASDAQ:FUTU)

High-profile investors have taken a bearish stance on Futu Hldgs FUTUand it is important that retailers take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FUTU often signals that someone has confidential information.

Today, Benzinga's options scanner discovered 16 options trades for Futu Hldgs. This is not a typical pattern.

Sentiment among these major traders is split: 43% are bullish and 50% are bearish. Among all the options we identified, there was one put option worth $41,700 and 15 call options totaling $1,030,484.

Expected price movements

After evaluating trading volumes and open interest, it is evident that major market movers are focused on a price range between $70.0 and $190.0 for Futu Hldgs, spanning the last three months.

Analyzing volume and open interest

In terms of liquidity and interest, the average open interest for Futu Hldgs options trades today is 896.83, with a total volume of 2,304.00.

In the chart below, we can track the movement of volume and open interest of call and put options for Futu Hldgs' large money trades within a strike price range of $70.0 to $190.0 over the last 30 days.

Futu Hldgs Call and Put Volume: 30 Day Overview

Notable options activity:

About Futu Hldgs

Futu Holdings Ltd is an online broker offering one-stop online investment services. The Company offers its services through its Futu NiuNiu digital platform, which includes market data, trading services and news feeds of stock markets in Hong Kong, Mainland China, Singapore and the United States. It generates its income in the form of broker commissions and processing fees.

After examining Futu Hldgs' options trading patterns, our attention now turns directly to the company. This shift allows us to delve deeper into current market position and performance

Current market status of Futu Hldgs

• With a trading volume of 2,438,259, the price of FUTU decreased by -2.95% to reach $107.74.
• Current RSI readings suggest the stock may be overbought.
• The next earnings report is scheduled for 38 days.

Expert opinions on Futu Hldgs

1 market experts recently gave ratings on this stock, with a consensus price target of $90.0.

Unusual options activity detected: Smart money on the move

Benzinga Edge's Unusual Options Board identifies potential market drivers before they happen. See what positions the big money is taking on your favorite stocks. Click here for access. * A B of A Securities analyst maintains his stance and maintains a Buy rating on Futu Hldgs, targeting a price of $90.

Options are a riskier asset compared to just trading stocks, but offer higher profit potential. Reputable options traders manage this risk by educating themselves daily, entering and exiting trades, tracking more than one indicator, and closely following the markets.

If you want to stay up-to-date on the latest Futu Hldgs options trades, Benzinga Pro provides you with real-time options trade alerts.