A Closer Look at Innodata's Options Market Dynamics

Financial giants have made a conspicuous bearish move on Innodata. Our analysis of options history for Innodata (NASDAQ:INOD) revealed 12 unusual trades.

Delving into the details, we found 25% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $170,459, and 9 were calls, valued at $659,110.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $100.0 for Innodata during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Innodata’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 Innodata’s whale trades within a strike price range from $30.0 to $100.0 in the last 30 days.

Innodata Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Innodata

Having examined the options trading patterns of Innodata, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Innodata

• Currently trading with a volume of 2,970,176, the INOD’s price is up by 13.45%, now at $63.35.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 21 days.

Professional Analyst Ratings for Innodata

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $110.0.

• An analyst from BWS Financial upgraded its action to Top Pick with a price target of $110.

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.