Financial giants have made a conspicuous bearish move on DoorDash. Our analysis of options history for DoorDash DASH revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $144,770, and 5 were calls, valued at $387,429.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $131.0 for DoorDash over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of DoorDash stands at 830.88, with a total volume reaching 159.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in DoorDash, situated within the strike price corridor from $60.0 to $131.0, throughout the last 30 days.
DoorDash Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DASH | CALL | SWEEP | NEUTRAL | 04/19/24 | $72.0 | $70.85 | $71.87 | $60.00 | $143.8K | 20 | 20 |
| DASH | CALL | TRADE | BEARISH | 05/17/24 | $36.55 | $35.55 | $35.95 | $95.00 | $136.6K | 473 | 5 |
| DASH | PUT | TRADE | BULLISH | 11/15/24 | $17.75 | $17.0 | $17.0 | $130.00 | $76.5K | 38 | 29 |
| DASH | CALL | SWEEP | BEARISH | 05/17/24 | $8.9 | $8.85 | $8.85 | $130.00 | $46.9K | 5.3K | 105 |
| DASH | PUT | TRADE | BEARISH | 08/16/24 | $4.9 | $4.6 | $4.9 | $105.00 | $39.2K | 340 | 0 |
About DoorDash
Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDash provides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers.
Following our analysis of the options activities associated with DoorDash, we pivot to a closer look at the company's own performance.
Present Market Standing of DoorDash
- Currently trading with a volume of 2,663,869, the DASH's price is down by -0.34%, now at $130.45.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 13 days.
What The Experts Say On DoorDash
In the last month, 5 experts released ratings on this stock with an average target price of $152.0.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on DoorDash with a target price of $155.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on DoorDash with a target price of $125.
- In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $165.
- An analyst from JMP Securities persists with their Market Outperform rating on DoorDash, maintaining a target price of $160.
- An analyst from Deutsche Bank persists with their Buy rating on DoorDash, maintaining a target price of $155.
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 DoorDash options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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