Deep-pocketed investors have adopted a bullish approach towards Southern Copper (NYSE:SCCO), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SCCO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 11 extraordinary options activities for Southern Copper. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 27% bearish. Among these notable options, 6 are puts, totaling $224,800, and 5 are calls, amounting to $195,435.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $97.5 to $215.0 for Southern Copper over the recent three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key …
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