Investors with a lot of money to spend have taken a bullish stance on International Paper (NYSE:IP).
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 IP, 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 8 uncommon options trades for International Paper.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $223,890, and 6 are calls, for a total amount of $175,320.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $32.5 to $35.0 for International Paper over the recent three months.
Analyzing 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 International Paper's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to International Paper's substantial trades, within a strike price spectrum from $32.5 to $35.0 over the preceding 30 days.
International Paper 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
About International Paper
International Paper manufactures packaging products and cellulose fibers. It accounts for roughly one third of the North American corrugated packaging market. Though it has operations in Brazil, Russia, India, and China, more than three fourths of its sales come from North America. International Paper serves a variety of end markets, including industrial, consumer products, and manufacturing.
After a thorough review of the options trading surrounding International Paper, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
International Paper's Current Market Status
- Currently trading with a volume of 2,202,393, the IP's price is down by -0.63%, now at $33.25.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 80 days.
What The Experts Say On International Paper
3 market experts have recently issued ratings for this stock, with a consensus target price of $39.333333333333336.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on International Paper with a target price of $40.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for International Paper, targeting a price of $35.
- An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $43.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest International Paper options trades with real-time alerts from Benzinga Pro.
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