Analyzing Soleno Therapeutics' Options Trading Trends
Understanding the Dynamics of Options Trading in Soleno Therapeutics
Investors are currently showing a notable bearish trend towards Soleno Therapeutics (NASDAQ: SLNO), a development that is garnering attention in the market. Recent observations highlight a significant uptick in options trading activities surrounding the stock, hinting at underlying market sentiments that could indicate future movements.
Current Options Activity Trends
Recent data shows extraordinary options trading in SLNO, with analysts documenting 31 unique trades, marking a remarkable shift in typical trading patterns. Such activity often points to substantial investor interest and potential shifts in stock value.
Investor Sentiment and Market Sentiment Breakdown
As we've reviewed the options data, a polarized sentiment has emerged among traders: 32% remain bullish while 51% lean bearish. This reflects the current uncertainty in the market. Breakdowns of recent activities show heavy investments in both puts and calls, with 8 puts valued around $504,980 and 23 calls worth approximately $1,156,660.
Projected Price Range for SLNO
Market predictions suggest that traders are focusing on a price range between $55.00 and $70.00 for SLNO in the coming quarter. This price targeting, inferred from the volume and open interest metrics, underscores the expectations surrounding Soleno Therapeutics' stock.
Analyzing Volume and Open Interest
In today’s trading environment, the average open interest for Soleno’s options is noted at 476.88, with an impressive total trading volume reaching 23,916. These figures provide insight into investor confidence and market traction for SLNO over the past month.
The Noteworthy Options Activity
The most significant options activity recorded includes various trades by traders engaged in both buying puts and calls. Here are some highlights of recent trades:
1) SLNO PUT - SWEEP
Expiration Date: 06/18/26
Ask: $13.6, Bid: $12.0, Total Trade Price: $164.4K, Volume: 190
2) SLNO PUT - TRADE
Expiration Date: 12/19/25
Ask: $9.5, Bid: $7.3, Total Trade Price: $146.0K, Volume: 300
3) SLNO CALL - SWEEP
Expiration Date: 09/19/25
Ask: $7.0, Bid: $6.2, Total Trade Price: $136.4K, Volume: 1.2K
4) SLNO CALL - SWEEP
Expiration Date: 09/19/25
Ask: $3.8, Bid: $3.1, Total Trade Price: $94.2K, Volume: 526
5) SLNO CALL - TRADE
Expiration Date: 09/19/25
Ask: $7.5, Bid: $6.8, Total Trade Price: $60.4K, Volume: 153
Overview of Soleno Therapeutics
Soleno Therapeutics Inc specializes in biopharmaceuticals aimed at addressing rare diseases. They are particularly recognized for their product DCCR (Diazoxide Choline) Extended-Release tablets, which exhibit a unique formulation potentially beneficial for patients.
Current Market Dynamics of Soleno Therapeutics
- Recent trading volume has shown 5,714,276 shares, leading to a current stock price of $61.83, reflecting a decrease of -11.94%.
- Indicators suggest that the stock may be oversold at present, catching the attention of seasoned traders.
- The next earnings report is set to be released about a month and a half from now, further influencing trader decision-making.
Analyst Ratings and Recommendations
In the last month, three analysts have reviewed Soleno Therapeutics, resulting in an average price target of $113.00. This target reflects some optimism among experts despite current market fluctuations.
While these trends show potential challenges for the stock, they also open doors for savvy investors seeking long positions as they look to capitalize on future gains.
Frequently Asked Questions
What trends are currently observed in Soleno Therapeutics' options trading?
There is a significant increase in bearish sentiment with 32% of investors leaning bullish and 51% bearish, along with heavy trading activity in puts and calls.
What price range should investors watch for SLNO?
Traders have identified a price target range from $55.00 to $70.00 for the coming quarter.
What is the significance of the current volume and open interest for SLNO?
The average open interest is 476.88 with a total volume of 23,916, indicating strong market engagement and investor sentiment.
What do analyst ratings suggest for Soleno Therapeutics?
A recent analysis suggests an average price target of $113.00 among three professional analysts, showing confidence in the company’s prospects.
How does the recent price drop affect investor sentiment?
The recent decrease in SLNO price may lead to reconsideration of strategies among investors, especially given signs that the stock could be oversold.
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