Benzinga | Nov 30, 2021 04:58PM EST

Check Out What Whales Are Doing With XLNX

Someone with a lot of money to spend has taken a bearish stance on Xilinx (NASDAQ:XLNX).

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 XLNX, 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 24 uncommon options trades for Xilinx.

This isn't normal.

The overall sentiment of these big-money traders is split between 37.5% bullish and 62.5%, bearish.

Out of all of the special options we uncovered, 12 are puts, for a total amount of $1,445,151.00, and 12 are calls, for a total amount of $791,698.00.

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 $100.0 to $300.0 for Xilinx over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Xilinx options trades today is 943.9 with a total volume of 4,034.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Xilinx's big money trades within a strike price range of $100.0 to $300.0 over the last 30 days.

Xilinx 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 InterestXLNX PUT SWEEP BEARISH 06/17/ $190.00 $419.3K 495 400 22XLNX PUT SWEEP BULLISH 03/18/ $250.00 $219.4K 2 47 22XLNX CALL TRADE BULLISH 01/21/ $250.00 $212.2K 1.0K 209 22XLNX PUT SWEEP BEARISH 06/17/ $200.00 $137.5K 1.1K 50 22XLNX CALL SWEEP BEARISH 12/17/ $300.00 $130.7K 856 446 21

Where Is Xilinx Standing Right Now?

* With a volume of 2,076,550.00, the price of XLNX is down -0.99% at $230.78.

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

* Next earnings are expected to be released in 57 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.