A whale with a lot of money to spend has taken a noticeably bearish stance on Mettler-Toledo Intl.
Looking at options history for Mettler-Toledo Intl (NYSE:MTD) we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $449,931 and 5, calls, for a total amount of $393,367.
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 $1190.0 to $1300.0 for Mettler-Toledo Intl over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Mettler-Toledo Intl options trades today is 47.0 with a total volume of 428.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Mettler-Toledo Intl's big money trades within a strike price range of $1190.0 to $1300.0 over the last 30 days.
Mettler-Toledo Intl Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MTD | CALL | SWEEP | BEARISH | 08/19/22 | $1190.00 | $134.6K | 71 | 65 |
| MTD | PUT | SWEEP | BULLISH | 01/20/23 | $1200.00 | $110.3K | 70 | 68 |
| MTD | CALL | SWEEP | BEARISH | 08/19/22 | $1190.00 | $106.7K | 71 | 50 |
| MTD | PUT | TRADE | BEARISH | 12/16/22 | $1250.00 | $82.9K | 0 | 0 |
| MTD | CALL | TRADE | BEARISH | 08/19/22 | $1190.00 | $82.2K | 71 | 10 |
Where Is Mettler-Toledo Intl Standing Right Now?
- With a volume of 16,549, the price of MTD is up 0.92% at $1247.26.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 2 days.
What The Experts Say On Mettler-Toledo Intl:
- Goldman Sachs has decided to maintain their Sell rating on Mettler-Toledo Intl, which currently sits at a price target of $1140.
- UBS downgraded its action to Neutral with a price target of $1237
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Mettler-Toledo Intl, Benzinga Pro gives you real-time options trades alerts.
