Benzinga | Nov 23, 2021 12:49PM EST

Virgin Galactic Hldgs Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Virgin Galactic Hldgs (NYSE:SPCE).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with SPCE, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Virgin Galactic Hldgs.

This isn't normal.

The overall sentiment of these big-money traders is split between 27.27% bullish and 72.73%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $440,628.00, and 3 are calls, for a total amount of $105,684.00.

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 $15.0 to $75.0 for Virgin Galactic Hldgs over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Virgin Galactic Hldgs's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Virgin Galactic Hldgs's whale activity within a strike price range from $15.0 to $75.0 in the last 30 days.

Virgin Galactic Hldgs 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 InterestSPCE PUT TRADE BEARISH 01/21/ $16.00 $82.5K 2.9K 560 22SPCE PUT TRADE BEARISH 04/14/ $75.00 $63.9K 45 0 22SPCE PUT TRADE BEARISH 01/21/ $70.00 $58.6K 115 0 22SPCE PUT TRADE BEARISH 04/14/ $70.00 $58.4K 11 0 22SPCE PUT TRADE NEUTRAL 01/21/ $15.00 $57.5K 5.8K 605 22

Where Is Virgin Galactic Hldgs Standing Right Now?

* With a volume of 4,683,149.00, the price of SPCE is down -2.34% at $16.68.

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

* Next earnings are expected to be released in 93 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.