A Closer Look at Costco Wholesale's Options Market Dynamics

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 31 trades.

If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $143,338 and 28, calls, for a total amount of $1,630,735.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $675.0 and $985.0 for Costco Wholesale, spanning the last 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 Costco Wholesale'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 Costco Wholesale's whale activity within a strike price range from $675.0 to $985.0 in the last 30 days.

Costco Wholesale 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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.

In light of the recent options history for Costco Wholesale, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Costco Wholesale's Current Market Status

• With a trading volume of 517,107, the price of COST is up by 0.58%, reaching $728.18.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 16 days from now.

What The Experts Say On Costco Wholesale

5 market experts have recently issued ratings for this stock, with a consensus target price of $736.8.

• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Costco Wholesale with a target price of $760.
• An analyst from Telsey Advisory Group downgraded its action to Outperform with a price target of $750.
• An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $750.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Costco Wholesale with a target price of $675.
• An analyst from Goldman Sachs persists with their Buy rating on Costco Wholesale, maintaining a target price of $749.

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 Costco Wholesale options trades with real-time alerts from Benzinga Pro.