Investors with a lot of money to spend have taken a bearish stance on New Oriental Education EDU.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with EDU, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 16 options trades for New Oriental Education.
This isn't normal.
The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $62,652, and 15, calls, for a total amount of $1,026,923.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $87.0 for New Oriental Education over the recent three 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 $60.0 to $87.0 in the last 30 days.
New Oriental Education 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 |
|---|---|---|---|---|---|---|---|---|
| EDU | CALL | TRADE | BEARISH | 02/09/24 | $82.00 | $211.5K | 1.1K | 86 |
| EDU | CALL | TRADE | NEUTRAL | 02/09/24 | $84.00 | $120.8K | 1.6K | 707 |
| EDU | CALL | TRADE | NEUTRAL | 02/09/24 | $84.00 | $89.0K | 1.6K | 1 |
| EDU | CALL | SWEEP | BEARISH | 02/23/24 | $81.00 | $76.5K | 209 | 100 |
| EDU | CALL | TRADE | BULLISH | 02/09/24 | $83.00 | $72.0K | 1.3K | 102 |
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.
Having examined the options trading patterns of New Oriental Education, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is New Oriental Education Standing Right Now?
- Trading volume stands at 1,069,473, with EDU's price up by 8.39%, positioned at $88.2.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 69 days.
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 New Oriental Education options trades with real-time alerts from Benzinga Pro.
© 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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