Understanding the Recent Trends in Moderna's Options Market
Understanding the Current Trends in Moderna's Options Market
Financial experts have noted a significant bullish sentiment surrounding Moderna. Our detailed analysis of the options trading history for Moderna (MRNA) has revealed 11 unusual trades that merit further examination.
In our investigation, we discovered that 45% of traders exhibited a bullish outlook, while 36% displayed bearish tendencies. Notably, among the trades analyzed, 3 were put options valued at $91,685 and 8 were call options valued at $309,766.
Market Price Target Insights
By assessing trading volumes along with Open Interest, it becomes evident that the predominate price range targeted by significant market players for Moderna is between $70.0 and $105.0 over the past three months.
Evaluation of Volume and Open Interest Trends
Currently, the average open interest for Moderna's options is recorded at 1117.73, with a total volume of 1,609.00. The corresponding data illustrates the changes in call and put option volumes as well as open interest for high-value trades focused between the $70.0 and $105.0 strike price range, observed in the previous 30 days.
Snapshot of Options Volume and Interest Over 30 Days
Highlights of Major Options Trades
The recent trading landscape for Moderna has been characterized by the following notable options transactions:
- Symbol: MRNA | Type: CALL | Trade Type: TRADE | Sentiment: BEARISH | Expiration: 09/13/24 | Price: $6.05 | Total Trade Value: $60.5K | Open Interest: 323 | Volume: 200
- Symbol: MRNA | Type: CALL | Trade Type: SWEEP | Sentiment: BEARISH | Expiration: 09/20/24 | Price: $1.87 | Total Trade Value: $46.2K | Open Interest: 1.3K | Volume: 95
- Symbol: MRNA | Type: CALL | Trade Type: SWEEP | Sentiment: BULLISH | Expiration: 09/27/24 | Price: $1.98 | Total Trade Value: $44.7K | Open Interest: 25 | Volume: 0
- Symbol: MRNA | Type: CALL | Trade Type: SWEEP | Sentiment: BULLISH | Expiration: 10/04/24 | Price: $2.99 | Total Trade Value: $39.7K | Open Interest: 14 | Volume: 210
- Symbol: MRNA | Type: PUT | Trade Type: SWEEP | Sentiment: BULLISH | Expiration: 10/18/24 | Price: $7.45 | Total Trade Value: $36.5K | Open Interest: 4.1K | Volume: 78
Overview of Moderna
Founded in 2010, Moderna is a leading commercial-stage biotechnology firm that went public in December 2018. The company's innovative mRNA technology found rapid validation with the COVID-19 vaccine, which received authorization in the United States in December 2020. As of mid-2023, Moderna has 39 mRNA development candidates under clinical trials spanning multiple therapeutic areas, including infectious diseases, oncology, cardiovascular conditions, and rare genetic disorders.
Given the insights from the recent options history, it’s essential to shift our focus towards understanding Moderna's current performance.
Current Market Position of Moderna
- The stock price of MRNA has surged by 6.71%, currently standing at $77.78 with a trading volume of 1,390,951.
- Relative Strength Indicator (RSI) metrics suggest that the stock holds a neutral position between being overbought and oversold.
- Investors can anticipate the next earnings report in approximately 52 days.
Analyst Forecasts for Moderna
In the past month, analysts have provided ratings for this stock, reflecting an average target price of $85.0.
- A JP Morgan analyst maintains a Neutral rating on Moderna, with a price target set at $88.
- Meanwhile, an analyst from HSBC upgraded their recommendation to Hold, adjusting their target price to $82.
Engaging in options trading brings with it heightened risks, but also opens the door for potential profits. Savvy investors minimize risks through continued education, strategic adjustments, and keen attention to market trends. Stay informed on the latest developments surrounding Moderna's option trades.
Frequently Asked Questions
What unusual trades were noted for Moderna?
Analysis revealed 11 unusual trades, with 45% bullish and 36% bearish outlooks.
What is the price range targeted by traders?
Traders primarily focus on a price band between $70.0 and $105.0 for Moderna.
What does the current open interest indicate?
The average open interest stands at 1117.73, highlighting investor engagement.
How has Moderna performed recently?
Moderna's stock is up 6.71% with a current price of $77.78.
What are the analyst ratings for Moderna?
Recent ratings suggest an average target price of $85.0, with updates from JP Morgan and HSBC.
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