What the Options Market Tells Us About Etsy

Financial giants have made a conspicuous bearish move on Etsy. Our analysis of options history for Etsy ETSY revealed 11 unusual trades.

Delving into the details, we found 27% of traders were bullish, while 72% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $302,835, and 6 were calls, valued at $235,708.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $85.0 for Etsy during the past quarter.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Etsy stands at 898.78, with a total volume reaching 1,968.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Etsy, situated within the strike price corridor from $70.0 to $85.0, throughout the last 30 days.

Etsy 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Etsy

Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.3 billion in 2022 consolidated gross merchandise volume, the firm has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2022, the firm connected more than 95 million buyers and 7.5 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).

Present Market Standing of Etsy

• Currently trading with a volume of 1,929,570, the ETSY's price is down by -5.17%, now at $74.77.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 8 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 Etsy with Benzinga Pro for real-time alerts.