Costco Wholesale Unusual Options Activity For February 09

Whales with a lot of money to spend have taken a noticeably bearish stance on Costco Wholesale.

Looking at options history for Costco Wholesale COST we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $807,511 and 4, calls, for a total amount of $426,492.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $625.0 and $800.0 for Costco Wholesale, spanning the last three months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Costco Wholesale's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Costco Wholesale's significant trades, within a strike price range of $625.0 to $800.0, over the past month.

Costco Wholesale 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Costco Wholesale

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.

Following our analysis of the options activities associated with Costco Wholesale, we pivot to a closer look at the company's own performance.

Present Market Standing of Costco Wholesale

• Trading volume stands at 316,786, with COST's price up by 0.17%, positioned at $725.38.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 20 days.

What The Experts Say On Costco Wholesale

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $736.8.

• An analyst from Goldman Sachs persists with their Buy rating on Costco Wholesale, maintaining a target price of $749.
• An analyst from Oppenheimer has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $760.
• An analyst from Telsey Advisory Group persists with their Outperform rating on Costco Wholesale, maintaining a target price of $750.
• In a cautious move, an analyst from Telsey Advisory Group downgraded its rating to Outperform, setting a price target of $750.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Costco Wholesale, targeting a price of $675.

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 Costco Wholesale with Benzinga Pro for real-time alerts.