Financial giants have made a conspicuous bearish move on W.W. Grainger. Our analysis of options history for W.W. Grainger GWW revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $239,622, and 8 were calls, valued at $569,960.
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 $740.0 to $980.0 for W.W. Grainger 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 W.W. Grainger'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 W.W. Grainger's whale trades within a strike price range from $740.0 to $980.0 in the last 30 days.
W.W. Grainger Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GWW | PUT | SWEEP | BULLISH | 04/19/24 | $960.00 | $214.3K | 13 | 51 |
| GWW | CALL | TRADE | BEARISH | 07/19/24 | $960.00 | $152.0K | 378 | 49 |
| GWW | CALL | TRADE | BULLISH | 05/17/24 | $740.00 | $107.6K | 67 | 16 |
| GWW | CALL | TRADE | BEARISH | 07/19/24 | $960.00 | $71.6K | 378 | 49 |
| GWW | CALL | TRADE | NEUTRAL | 07/19/24 | $960.00 | $63.1K | 378 | 11 |
About W.W. Grainger
W.W. Grainger distributes approximately 1.5 million maintenance, repair, and operating products that are sourced from over 4,500 suppliers. The company serves about 5 million customers through its online and electronic purchasing platforms, vending machines, catalog distribution, and network of over 300 global branches. In recent years, Grainger has invested in its e-commerce capabilities and is the 11th-largest e-retailer in North America.
Having examined the options trading patterns of W.W. Grainger, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is W.W. Grainger Standing Right Now?
- With a volume of 153,316, the price of GWW is down -2.63% at $947.0.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 80 days.
Professional Analyst Ratings for W.W. Grainger
1 market experts have recently issued ratings for this stock, with a consensus target price of $907.0.
- An analyst from RBC Capital persists with their Sector Perform rating on W.W. Grainger, maintaining a target price of $907.
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.
If you want to stay updated on the latest options trades for W.W. Grainger, Benzinga Pro gives you real-time options trades 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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