Live Nation Entertainment’s Options Rush: What You Need to Know – Live Nation Entertainment (NYSE:LYV)

Benzinga’s options scanner just identified over 8 options trades in Live Nation Entertainment LYVwith a cumulative value of $607,260. At the same time, our algorithms captured two puts worth a total of 616,000.

Forecasted price targets

When analyzing the volume and open interest in these contracts, it appears that the major players were eyeing a pricing window of $80.0 to $120.0 for Live Nation Entertainment last quarter.

Volume and open interest development

Examining volume and open interest provides important insights into stock analysis. This information is critical to assessing the liquidity and interest levels for Live Nation Entertainment’s options at particular exercise prices. Below we present a snapshot of trends in volume and open interest for calls and puts on Live Nation Entertainment’s significant trades within a strike price range of $80.0 to $120.0 over the past month.

Live Nation Entertainment options volume and open interest in the last 30 days

Largest options trades observed:

About Live Nation Entertainment

Live Nation is the largest live entertainment company in the world, operating as a concert promoter, venue operator and ticketing platform. The company also generates income from sponsorships and advertising. With operations in 45 countries, Live Nation promotes concerts worldwide and owns, operates or had exclusive booking rights to 373 venues worldwide at the end of 2023, making it the second largest music venue operator in the world, according to the company. In 2023, Live Nation promoted more than 50,000 events and attracted more than 145 million fans. Ticketmaster is a dominant global ticketing service, selling more than 620 million tickets in 2023.

Given the recent options history for Live Nation Entertainment, it is now appropriate to focus on the company itself. Our goal is to examine current performance.

Where is Live Nation Entertainment currently?

• With a trading volume of 325,033, the price of LYV decreased by -0.55% to reach $112.07.
• Current RSI readings suggest the stock may be overbought.
• The next results report is scheduled for 20 days.

What the experts say about Live Nation Entertainment

In the last month, 1 experts have published ratings on this stock with an average price target of $130.0.

Unusual options activity detected: Smart money on the move

Benzinga Edge’s Unusual Options Board identifies potential market drivers before they happen. See what positions the big money is taking on your favorite stocks. Click here for access. * A Macquarie analyst consistently maintains an Outperform rating on Live Nation Entertainment with a $130 price target.

Options trading carries higher risks and potential rewards. Smart traders manage these risks by continually educating themselves, adjusting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay up to date on the latest Live Nation Entertainment options trades with real-time alerts from Benzinga Pro.