Investors with significant funds have taken a bullish position in C3.ai (NYSE:AI), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in AI usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 10 options transactions for C3.ai. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 90% being bullish and 10% bearish. Of all the options we discovered, 9 are puts, valued at $533,445, and there was a single call, worth $26,600.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $21.0 to $34.0 for C3.ai during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in C3.ai's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to C3.ai's substantial trades, within a strike price spectrum from $21.0 to $34.0 over the preceding 30 days.
C3.ai Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AI | PUT | TRADE | BULLISH | 06/21/24 | $5.5 | $5.4 | $5.4 | $25.00 | $86.9K | 16.6K | 357 |
| AI | PUT | TRADE | BULLISH | 06/21/24 | $5.5 | $5.35 | $5.4 | $25.00 | $68.0K | 16.6K | 1.5K |
| AI | PUT | SWEEP | BULLISH | 06/21/24 | $5.7 | $5.4 | $5.4 | $25.00 | $66.9K | 16.6K | 1.2K |
| AI | PUT | TRADE | BULLISH | 06/21/24 | $5.5 | $5.4 | $5.4 | $25.00 | $66.4K | 16.6K | 1.4K |
| AI | PUT | SWEEP | BULLISH | 06/21/24 | $5.35 | $5.25 | $5.25 | $25.00 | $63.5K | 16.6K | 651 |
About C3.ai
C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Suite, is a comprehensive application development and runtime environment that is designed to allow customers to rapidly design, develop, and deploy Enterprise AI applications of any type; C3 AI Applications, include a large and growing family of industry-specific and application-specific turnkey AI solutions that can be immediately installed and deployed; and C3.ai Ex Machina, analytics for applying data science to every-day business decisions.
Current Position of C3.ai
- With a trading volume of 3,130,643, the price of AI is down by -0.91%, reaching $20.65.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 43 days from now.
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.