Unpacking the Latest Options Trading Trends in Joby Aviation
Financial giants have made a conspicuous bullish move on Joby Aviation. Our analysis of options history for Joby Aviation JOBY revealed 15 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 13% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $263,540, and 7 were calls, valued at $360,161.
What’s The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $4.0 to $12.0 for Joby Aviation over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Joby Aviation’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Joby Aviation’s significant trades, within a strike price range of $4.0 to $12.0, over the past month.
Joby Aviation Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JOBY | CALL | SWEEP | BULLISH | 01/17/25 | $1.5 | $1.45 | $1.5 | $4.00 | $75.0K | 1.5K | 1.0K |
| JOBY | CALL | SWEEP | BULLISH | 01/17/25 | $1.5 | $1.45 | $1.5 | $4.00 | $75.0K | 1.5K | 518 |
| JOBY | CALL | SWEEP | BULLISH | 01/17/25 | $0.65 | $0.6 | $0.65 | $5.50 | $65.1K | 12.0K | 2.1K |
| JOBY | PUT | SWEEP | BULLISH | 11/15/24 | $1.05 | $0.95 | $0.96 | $6.00 | $48.0K | 1.7K | 514 |
| JOBY | CALL | SWEEP | BULLISH | 01/17/25 | $0.65 | $0.6 | $0.65 | $5.50 | $45.5K | 12.0K | 1.1K |
About Joby Aviation
Joby Aviation Inc is a transportation company developing electric air taxis for commercial passenger service.
After a thorough review of the options trading surrounding Joby Aviation, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Joby Aviation’s Current Market Status
- With a volume of 73,682,452, the price of JOBY is down -15.4% at $5.11.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 12 days.
What The Experts Say On Joby Aviation
3 market experts have recently issued ratings for this stock, with a consensus target price of $9.833333333333334.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $10.
* Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Joby Aviation with a target price of $10.
* An analyst from HC Wainwright & Co. downgraded its action to Buy with a price target of $9.
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 Joby Aviation, Benzinga Pro gives you real-time options trades alerts.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Leave a Reply