Circle Internet Group Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish approach towards Circle Internet Group (NYSE:CRCL), 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 CRCL usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 16 extraordinary options activities for Circle Internet Group. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 31% leaning bullish and 62% bearish. Among these notable options, 9 are puts, totaling $414,890, and 7 are calls, amounting to $699,758.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $370.0 for Circle Internet Group over the last 3 months.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Circle Internet Group’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Circle Internet Group’s substantial trades, within a strike price spectrum from $50.0 to $370.0 over the preceding 30 days.

Circle Internet Group Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Circle Internet Group

Circle Internet Group Inc is a financial technology firm engaged in digital currencies and public blockchains for payments, commerce, and financial applications. The company is the issuer of USD Coin (USDC).

In light of the recent options history for Circle Internet Group, it’s now appropriate to focus on the company itself. We aim to explore its current performance.

Circle Internet Group’s Current Market Status

• Currently trading with a volume of 4,554,298, the CRCL’s price is down by -0.61%, now at $55.82.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 21 days.

What Analysts Are Saying About Circle Internet Group

In the last month, 3 experts released ratings on this stock with an average target price of $77.0.

• An analyst from Mizuho upgraded its action to Neutral with a price target of $77.
• An analyst from Morgan Stanley has revised its rating downward to Equal-Weight, adjusting the price target to $66.
• An analyst from Goldman Sachs has decided to maintain their Neutral rating on Circle Internet Group, which currently sits at a price target of $88.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics.