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News

This Is What Whales Are Betting On S&P Global

Author: Benzinga Insights | April 08, 2024 12:16pm

Whales with a lot of money to spend have taken a noticeably bearish stance on S&P Global.

Looking at options history for S&P Global (NYSE:SPGI) we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 81% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $99,450 and 8, calls, for a total amount of $281,380.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $420.0 to $460.0 for S&P Global during the past quarter.

Volume & Open Interest Trends

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 S&P Global'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 S&P Global's whale trades within a strike price range from $420.0 to $460.0 in the last 30 days.

S&P Global 30-Day Option Volume & Interest Snapshot

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
SPGI CALL TRADE BEARISH 01/17/25 $52.1 $49.9 $49.9 $420.00 $39.9K 119 100
SPGI CALL TRADE NEUTRAL 01/17/25 $52.1 $47.1 $49.6 $420.00 $39.6K 119 93
SPGI CALL TRADE NEUTRAL 01/17/25 $52.9 $47.1 $49.5 $420.00 $39.6K 119 85
SPGI PUT TRADE BEARISH 01/17/25 $22.7 $22.2 $22.7 $420.00 $36.3K 290 120
SPGI CALL TRADE BEARISH 01/17/25 $53.9 $50.8 $50.8 $420.00 $35.5K 119 21

About S&P Global

S&P Global provides data and benchmarks to capital and commodity market participants. Its ratings business is the largest credit rating agency in the world and S&P's largest segment by profitability. S&P's largest segment by revenue is market intelligence, which provides desktop, data and advisory solutions, enterprise solutions, and credit/risk solutions mostly in the financial-services industry. S&P's other segments include commodity insights (Platts and other data), mobility (Carfax), and indexes.

Following our analysis of the options activities associated with S&P Global, we pivot to a closer look at the company's own performance.

Current Position of S&P Global

  • With a trading volume of 304,090, the price of SPGI is down by 0.0%, reaching $431.59.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 17 days from now.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for S&P Global with Benzinga Pro for real-time alerts.

Posted In: SPGI

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