Follow What Smart Money Traders Are Doing With Moderna

Today, Benzinga's options scanner spotted 12 uncommon options trades for Moderna MRNA. The overall sentiment shows 41.67% of the big-money traders are bullish on the stock and 58.33%, bearish. Out of all of the special options found by our algorithm, 4 are puts, for a total amount of $1,473,514 and 8, calls, for a total amount of $1,240,853.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $430.0 to $520.0 for Moderna in the over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Moderna'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 Moderna's smart money trades within a strike price range from $430.0 to $520.0 in the last 30 days.

Moderna 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
MRNA CALL SWEEP BULLISH 09/17/21 $460.00 $35.5K 7.5K 6.3K
MRNA CALL SWEEP BEARISH 09/17/21 $460.00 $26.6K 7.5K 8.4K
MRNA PUT SWEEP BULLISH 09/17/21 $430.00 $83.0K 5.7K 1.7K
MRNA PUT SWEEP BEARISH 09/17/21 $430.00 $78.9K 5.7K 1.4K
MRNA CALL SWEEP BEARISH 10/08/21 $500.00 $425.1K 2.4K 1.3K

Where Is Moderna Standing Right Now?

  • With a volume of 8,117,556, the price of MRNA is up 1.06% over the last 24 hours at $439.05.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 42 days.

What The Experts Say On Moderna:

  • Morgan Stanley has decided to maintain their Equal-Weight rating on Moderna, which currently sits at a price target of $337.0.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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