Looking At Global Payments's Recent Unusual Options Activity - Global Payments (NYSE:GPN)
Someone with a lot of money to spend has taken a bullish stance on Global Payments GPN.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with GPN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Global Payments.
This isn't normal.
The overall sentiment of these big-money traders is split between 71% bullish and 28%, bearish.
Out of all of the options we uncovered, 13 are puts, for a total amount of $379,955, and there was 1 call, for a total amount of $31,500.
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 $100.0 to $130.0 for Global Payments over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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