Whales with a lot of money to spend have taken a noticeably bullish stance on New Oriental Education.
Looking at options history for New Oriental Education EDU we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $56,229 and 8, calls, for a total amount of $374,962.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $90.0 for New Oriental Education over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for New Oriental Education'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 New Oriental Education's whale activity within a strike price range from $70.0 to $90.0 in the last 30 days.
New Oriental Education Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| EDU | CALL | SWEEP | BEARISH | 04/19/24 | $70.00 | $70.1K | 312 | 202 |
| EDU | CALL | TRADE | BEARISH | 02/09/24 | $83.00 | $61.4K | 30 | 1.5K |
| EDU | CALL | SWEEP | BULLISH | 02/16/24 | $85.00 | $59.5K | 172 | 215 |
| EDU | CALL | TRADE | BEARISH | 02/09/24 | $84.00 | $57.7K | 9 | 222 |
| EDU | CALL | SWEEP | BULLISH | 03/08/24 | $77.00 | $41.4K | 4 | 49 |
About New Oriental Education
New Oriental is a leading private education provider in China. K-9 academic after-school tutoring used to account for 50%-60% of New Oriental's revenue before the regulatory crackdown in 2021. After terminating its K-9 academic after-school tutoring business, New Oriental has identified a few new initiatives such as nonacademic tutoring and intelligent learning systems and devices. The remaining businesses include high school academic after-school tutoring and overseas-related test preparation and consulting business. It also owns 55% of East Buy (HKG: 01797), a market leader in livestreaming e-commerce.
In light of the recent options history for New Oriental Education, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of New Oriental Education
- With a volume of 1,386,362, the price of EDU is up 1.16% at $79.15.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 75 days.
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 New Oriental Education with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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