Financial giants have made a conspicuous bullish move on JD.com. Our analysis of options history for JD.com JD revealed 16 unusual trades.
Delving into the details, we found 56% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $735,064, and 8 were calls, valued at $276,016.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $37.5 for JD.com during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for JD.com's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of JD.com's whale trades within a strike price range from $15.0 to $37.5 in the last 30 days.
JD.com Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JD | PUT | TRADE | BULLISH | 06/21/24 | $27.50 | $330.0K | 13.2K | 500 |
| JD | PUT | SWEEP | BULLISH | 01/17/25 | $32.50 | $99.6K | 3.1K | 89 |
| JD | PUT | SWEEP | BULLISH | 01/17/25 | $37.50 | $84.2K | 881 | 0 |
| JD | PUT | TRADE | BULLISH | 06/21/24 | $22.50 | $75.0K | 13.9K | 252 |
| JD | PUT | SWEEP | BULLISH | 01/17/25 | $32.50 | $49.2K | 3.1K | 133 |
About JD.com
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
Following our analysis of the options activities associated with JD.com, we pivot to a closer look at the company's own performance.
Current Position of JD.com
- Trading volume stands at 10,055,278, with JD's price up by 0.04%, positioned at $22.56.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 35 days.
Expert Opinions on JD.com
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $37.333333333333336.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on JD.com with a target price of $42.
- An analyst from Mizuho has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $35.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on JD.com with a target price of $35.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for JD.com with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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