Etsy Unusual Options Activity

Investors with a lot of money to spend have taken a bearish stance on Etsy ETSY.

And retail traders should know.

We noticed this today when the trades 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 ETSY, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for Etsy.

This isn't normal.

The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $141,260, and 6 are calls, for a total amount of $320,463.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $90.0 for Etsy, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Etsy options trades today is 1055.44 with a total volume of 1,692.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Etsy's big money trades within a strike price range of $60.0 to $90.0 over the last 30 days.

Etsy Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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 $13.2 billion in 2023 consolidated gross merchandise volume, Etsy 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 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).

After a thorough review of the options trading surrounding Etsy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Etsy

• Trading volume stands at 1,256,060, with ETSY's price up by 1.51%, positioned at $72.07.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 62 days.

What The Experts Say On Etsy

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $76.6.

• An analyst from UBS persists with their Neutral rating on Etsy, maintaining a target price of $72.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Etsy, targeting a price of $64.
• Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Etsy, targeting a price of $67.
• Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Etsy with a target price of $85.
• Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $95.

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 Etsy options trades with real-time alerts from Benzinga Pro.