Investors with a lot of money to spend have taken a bullish stance on Six Flags Entertainment (NYSE: FUN).
And retail traders should know.
We noticed this today when the positions 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 FUN, it often means somebody knows something is about to happen.
Today, Benzinga’s options scanner spotted 8 options trades for Six Flags Entertainment.
This isn’t normal.
The overall sentiment of these big-money traders is split between 62% bullish and 0%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $33,000, and 7, calls, for a total amount of $315,710.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $22.5 to $30.0 for Six Flags Entertainment over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Six Flags Entertainment’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Six Flags Entertainment’s significant trades, within a strike price range of $22.5 to $30.0, over the past month.
Six Flags Entertainment Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
About Six Flags Entertainment
Six Flags Entertainment Corp is North America’s regional amusement resort operator with approximately 27 amusement parks, around 15 separately gated water parks, and nine resort properties across the U.S., Canada, and Mexico. It provides coasters, themed rides, thrilling water parks, resorts, and a portfolio of beloved intellectual properties such as Looney Tunes, DC Comics, and PEANUTS.
Having examined the options trading patterns of Six Flags Entertainment, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Six Flags Entertainment
With a trading volume of 1,318,593, the price of FUN is up by 1.32%, reaching $22.19.
Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
Next earnings report is scheduled for 37 days from now.
What The Experts Say On Six Flags Entertainment
In the last month, 1 experts released ratings on this stock with an average target price of $40.0.
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