Anyone who has a lot of money to spend has taken a bearish stance loyalty national information financial institutions,
And retail traders should know.
We noticed this today when large positions appeared on the publicly available options history that we track here at Benzinga.
Whether it is some institution or just a wealthy person, we do not know. But when something this big happens with FIS, it often means that someone knows something is going to happen.
So how do we know what this whale just did?
Today, benzingaK Options Scanner spotted 12 unusual options trades for Fidelity National Info.
this is not normal.
The overall sentiment among these big money traders is split between 33% bullish and 66% bearish.
Of all the special options we have open, 9 are puts, for a total amount of $559,708, and 3 are calls, for a total amount of $125,557.
What is a price target?
Considering the volume and open interest on these contracts, it appears that whales are targeting a price range of $45.0 to $77.5 for Fidelity National Info over the past 3 months.
Volume and Open Interest Development
A practical way to do due diligence on a stock is by looking at the volume and open interest.
This data can help you track the liquidity and interest for Fidelity National Info’s options for a given strike price.
Below, we can see the evolution of call and put volumes and open interest, respectively, for all of Fidelity National Info’s whale activity within the $45.0 to $77.5 strike price range over the past 30 days.
Fidelity National Info Option Volume and Open Interest over the last 30 days
Largest options seen:
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| financial institutions | Keep | sweep | recession | 01/19/24 | $45.00 | $106.6K | 512 | 211 |
| financial institutions | Keep | Business | fast | 04/21/23 | $50.00 | $87.1K | 1.6 thousand | 89 |
| financial institutions | Keep | sweep | recession | 05/19/23 | $52.50 | $69.0K | 5.7 thousand | 192 |
| financial institutions | call | sweep | fast | 01/19/24 | $50.00 | $61.6K | 99 | 147 |
| financial institutions | Keep | Business | recession | 01/17/25 | $55.00 | $61.0K | 398 | 50 |
| Sign | put/call | business type | Rate | Exp. date | strike price | net trade value | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| financial institutions | Keep | sweep | recession | 01/19/24 | $45.00 | $106.6K | 512 | 211 |
| financial institutions | Keep | Business | fast | 04/21/23 | $50.00 | $87.1K | 1.6 thousand | 89 |
| financial institutions | Keep | sweep | recession | 05/19/23 | $52.50 | $69.0K | 5.7 thousand | 192 |
| financial institutions | call | sweep | fast | 01/19/24 | $50.00 | $61.6K | 99 | 147 |
| financial institutions | Keep | Business | recession | 01/17/25 | $55.00 | $61.0K | 398 | 50 |
Where Does Fidelity National Info Stand Now?
- FIS is down -2.5% to $49.99, with a volume of 5,476,062.
- The RSI indicator is indicating that the underlying stock may be oversold.
- The next earnings release is expected in 40 days.
Here’s what the experts at Fidelity National Info say:
- Keefe, Bruyette & Woods upgraded their work to Outperform with a $70 price target
Options are a riskier asset than stock trading, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scalping in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay up to date on the latest options trades thanks to Fidelity National Info, benzinga pro Provides you with real-time options trade alerts.