Benzinga | Dec 10, 2021 01:29PM EST

BioNTech Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on BioNTech.

Looking at options history for BioNTech (NASDAQ:BNTX) we detected 28 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25.0% of the investors opened trades with bullish expectations and 75.0% with bearish.

From the overall spotted trades, 14 are puts, for a total amount of $848,605.00 and 14, calls, for a total amount of $779,745.00.

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 $120.0 to $680.0 for BioNTech over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for BioNTech options trades today is 635.16 with a total volume of 2,446.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for BioNTech's big money trades within a strike price range of $120.0 to $680.0 over the last 30 days.

BioNTech Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestBNTX PUT TRADE BULLISH 01/21/ $220.00 $166.5K 1.1K 230 22BNTX CALL TRADE BEARISH 01/19/ $120.00 $156.5K 12 10 24BNTX PUT TRADE NEUTRAL 09/16/ $230.00 $86.6K 627 20 22BNTX CALL TRADE BULLISH 01/19/ $240.00 $85.6K 25 8 24BNTX PUT TRADE BEARISH 09/16/ $220.00 $82.0K 523 20 22

Where Is BioNTech Standing Right Now?

* With a volume of 3,393,706.00, the price of BNTX is down -9.58% at $256.97.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 109 days.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.