Deep-pocketed investors have adopted a bullish approach towards Chubb (NYSE:CB), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Chubb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $318,250, and 6 are calls, amounting to $503,080.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $240.0 to $270.0 for Chubb during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Chubb options trades today is 274.0 with a total volume of 3,296.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Chubb's big money trades within a strike price range of $240.0 to $270.0 over the last 30 days.
Chubb Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CB | PUT | TRADE | BEARISH | 06/21/24 | $2.1 | $1.85 | $2.1 | $265.00 | $236.2K | 8851.2K | |
| CB | CALL | SWEEP | BULLISH | 06/20/25 | $30.0 | $28.7 | $30.0 | $265.00 | $120.0K | 256 | |
| CB | CALL | SWEEP | BULLISH | 01/16/26 | $40.3 | $39.3 | $40.0 | $260.00 | $108.0K | 3127 | |
| CB | CALL | TRADE | BULLISH | 01/16/26 | $53.4 | $50.1 | $53.4 | $240.00 | $106.8K | 70 | |
| CB | PUT | TRADE | BEARISH | 06/21/24 | $2.1 | $1.9 | $2.05 | $265.00 | $81.9K | 8851.6K |
About Chubb
ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.
Chubb's Current Market Status
- With a volume of 535,451, the price of CB is up 1.54% at $267.81.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 46 days.
What Analysts Are Saying About Chubb
1 market experts have recently issued ratings for this stock, with a consensus target price of $266.0.
- In a positive move, an analyst from B of A Securities has upgraded their rating to Neutral and adjusted the price target to $266.
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.