Financial giants have made a conspicuous bullish move on Bank of Montreal. Our analysis of options history for Bank of Montreal BMO revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $199,002, and 4 were calls, valued at $159,180.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $90.0 for Bank of Montreal, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Bank of Montreal options trades today is 524.83 with a total volume of 1,929.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Bank of Montreal's big money trades within a strike price range of $70.0 to $90.0 over the last 30 days.
Bank of Montreal Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BMO | PUT | TRADE | BEARISH | 10/18/24 | $2.5 | $2.25 | $2.5 | $85.00 | $100.0K | 434 | 400 |
| BMO | CALL | SWEEP | BULLISH | 01/17/25 | $6.5 | $6.3 | $6.44 | $80.00 | $61.1K | 49 | 95 |
| BMO | PUT | SWEEP | BULLISH | 09/20/24 | $2.0 | $1.9 | $1.9 | $85.00 | $47.5K | 1.6K | 1.0K |
| BMO | CALL | TRADE | BEARISH | 12/20/24 | $14.9 | $14.6 | $14.7 | $70.00 | $36.7K | 108 | 35 |
| BMO | CALL | TRADE | NEUTRAL | 12/20/24 | $3.3 | $3.1 | $3.2 | $85.00 | $32.0K | 468 | 117 |
About Bank of Montreal
Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, US P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the U.S.
Bank of Montreal's Current Market Status
- Trading volume stands at 1,697,534, with BMO's price down by -6.83%, positioned at $82.71.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 0 days.
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. Keep up with the latest options trades for Bank of Montreal with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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