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Vistra's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | April 30, 2024 04:46pm

Financial giants have made a conspicuous bearish move on Vistra. Our analysis of options history for Vistra (NYSE:VST) revealed 8 unusual trades.

Delving into the details, we found 0% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $248,711, and 5 were calls, valued at $456,775.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $27.0 to $90.0 for Vistra over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Vistra options trades today is 1594.17 with a total volume of 720.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Vistra's big money trades within a strike price range of $27.0 to $90.0 over the last 30 days.

Vistra Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
VST PUT SWEEP BEARISH 08/16/24 $16.8 $16.4 $16.7 $90.00 $145.2K 36 112
VST CALL TRADE NEUTRAL 06/21/24 $7.3 $7.1 $7.2 $75.00 $144.0K 2.5K 326
VST CALL SWEEP BEARISH 05/17/24 $5.0 $4.9 $4.9 $75.00 $122.5K 6.2K 56
VST CALL TRADE NEUTRAL 01/17/25 $52.0 $49.4 $50.7 $27.00 $76.0K 479 0
VST CALL TRADE NEUTRAL 06/21/24 $7.2 $7.0 $7.1 $75.00 $71.0K 2.5K 124

About Vistra

Vistra Energy is one of the largest power producers and retail energy providers in the us Following the 2024 Energy Harbor acquisition, Vistra owns 41 gigawatts of nuclear, coal, natural gas, and solar power generation along with one of the largest utility-scale battery projects in the world. Its retail electricity business serves 5 million customers in 20 states, including almost a third of all Texas electricity consumers. Vistra emerged from the Energy Future Holdings bankruptcy as a stand-alone entity in 2016. It acquired Dynegy in 2018.

After a thorough review of the options trading surrounding Vistra, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Vistra

  • With a trading volume of 4,987,955, the price of VST is down by -2.72%, reaching $75.84.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 8 days from now.

What Analysts Are Saying About Vistra

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $80.5.

  • An analyst from Janney Montgomery Scott has revised its rating downward to Buy, adjusting the price target to $82.
  • An analyst from Evercore ISI Group persists with their Outperform rating on Vistra, maintaining a target price of $79.

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 Vistra with Benzinga Pro for real-time alerts.

Posted In: VST

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