Behind the Scenes of Charles Schwab's Latest Options Trends

Charles Schwab Corporation -0.84%

Charles Schwab Corporation

SCHW

70.03

-0.84%

High-rolling investors have positioned themselves bullish on Charles Schwab (NYSE:SCHW), and it's important for retail traders to 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 SCHW often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for Charles Schwab. This is not a typical pattern.

The sentiment among these major traders is split, with 62% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $25,700, and 7 calls, totaling $356,455.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $80.0 for Charles Schwab during the past quarter.

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 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 trades within a strike price range from $50.0 to $80.0 in the last 30 days.

Charles Schwab Option Activity Analysis: Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
SCHW CALL SWEEP BEARISH 12/19/25 $62.50 $113.8K 226 109
SCHW CALL TRADE NEUTRAL 01/12/24 $63.00 $67.6K 194 97
SCHW CALL SWEEP BEARISH 02/16/24 $67.50 $43.6K 145 113
SCHW CALL TRADE BULLISH 12/29/23 $50.00 $39.5K 20 20
SCHW CALL SWEEP BULLISH 01/19/24 $68.00 $31.0K 369 161

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 operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $7 trillion of client assets at the end of December 2022. Nearly all of its revenue is from the United States.

Following our analysis of the options activities associated with Charles Schwab, we pivot to a closer look at the company's own performance.

Charles Schwab's Current Market Status

  • Currently trading with a volume of 1,751,574, the SCHW's price is down by -0.3%, now at $69.06.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 20 days.

Expert Opinions on Charles Schwab

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $82.0.

  • An analyst from UBS persists with their Buy rating on Charles Schwab, maintaining a target price of $82.

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 Charles Schwab options trades with real-time alerts from Benzinga Pro.

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