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Vertiv Hldgs Options Trading: A Deep Dive into Market Sentiment

Author: Benzinga Insights | April 24, 2024 09:47am

Investors with a lot of money to spend have taken a bullish stance on Vertiv Hldgs (NYSE:VRT).

And retail traders should know.

We noticed this today when the positions 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 VRT, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for Vertiv Hldgs.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 36%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $109,250, and 10, calls, for a total amount of $1,770,279.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $76.0 to $110.0 for Vertiv Hldgs over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Vertiv Hldgs options trades today is 698.9 with a total volume of 3,619.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Vertiv Hldgs's big money trades within a strike price range of $76.0 to $110.0 over the last 30 days.

Vertiv Hldgs 30-Day Option Volume & Interest Snapshot

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
VRT CALL SWEEP NEUTRAL 05/17/24 $10.5 $9.9 $10.2 $82.50 $1.0M 1.7K 1.0K
VRT CALL SWEEP NEUTRAL 05/17/24 $4.2 $3.6 $3.9 $95.00 $402.6K 800 1.2K
VRT PUT TRADE BEARISH 11/15/24 $22.6 $20.7 $21.85 $105.00 $109.2K 50 0
VRT CALL SWEEP BULLISH 05/17/24 $2.8 $2.7 $2.8 $100.00 $84.0K 6.2K 644
VRT CALL SWEEP BULLISH 04/26/24 $7.9 $7.5 $7.9 $84.00 $79.0K 685 13

About Vertiv Hldgs

Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East & Africa.

In light of the recent options history for Vertiv Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Vertiv Hldgs Standing Right Now?

  • With a trading volume of 1,674,305, the price of VRT is up by 13.48%, reaching $89.84.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 0 days from now.

What The Experts Say On Vertiv Hldgs

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $95.75.

  • An analyst from JP Morgan has decided to maintain their Overweight rating on Vertiv Hldgs, which currently sits at a price target of $95.
  • Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Vertiv Hldgs with a target price of $90.
  • An analyst from Citigroup persists with their Buy rating on Vertiv Hldgs, maintaining a target price of $102.
  • An analyst from Oppenheimer downgraded its action to Outperform with a price target of $96.

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 Vertiv Hldgs with Benzinga Pro for real-time alerts.

Posted In: VRT

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