Investors with a lot of money to spend have taken a bearish stance on Talen Energy (NASDAQ:TLN).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TLN, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Talen Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 10% bullish and 60%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $128,000, and 6 are calls, for a total amount of $571,312.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $300.0 and $400.0 for Talen Energy, spanning the last three 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 Talen Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Talen Energy's substantial trades, within a strike price spectrum from $300.0 to $400.0 over the preceding 30 days.
Talen Energy Option Volume And Open Interest Over Last 30 DaysSignificant Options Trades Detected:About Talen Energy
Talen Energy Corp is an independent power producer and energy infrastructure company. The company owns and operates approximately 10.7 gigawatts of power infrastructure in the United States. The group produces and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, including PJM and WECC, with its generation fleet located in the Mid-Atlantic and Montana.
Having examined the options trading patterns of Talen Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Talen Energy's Current Market Status With a volume of 400,918, the price of TLN is down -1.64% at $392.0. RSI indicators hint that the underlying stock may be approaching oversold. Next earnings are expected to be released in 6 days. Professional Analyst Ratings for Talen Energy
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $454.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from JP Morgan has decided to maintain their Overweight rating on Talen Energy, which currently sits at a price target of $442. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Talen Energy with a target price of $439. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Talen Energy with a target price of $441. * An analyst from Wells Fargo has revised its rating downward to Overweight, adjusting the price target to $453. * An analyst from Seaport Global has decided to maintain their Buy rating on Talen Energy, which currently sits at a price target of $496.
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 Talen Energy with Benzinga Pro for real-time alerts.
TLNTalen Energy Corp$389.26-2.33%OverviewMarket News and Data brought to you by Benzinga APIs