Deep-pocketed investors have adopted a bullish approach towards Deckers Outdoor DECK, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DECK usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Deckers Outdoor. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 3 are puts, totaling $217,950, and 6 are calls, amounting to $513,107.
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 $620.0 and $1040.0 for Deckers Outdoor, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Deckers Outdoor'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 Deckers Outdoor's whale trades within a strike price range from $620.0 to $1040.0 in the last 30 days.
Deckers Outdoor 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DECK | CALL | TRADE | BULLISH | 06/21/24 | $1040.00 | $277.3K | 159 | 75 |
| DECK | PUT | TRADE | BEARISH | 06/21/24 | $940.00 | $156.0K | 23 | 25 |
| DECK | CALL | SWEEP | BEARISH | 09/20/24 | $880.00 | $70.4K | 6 | 6 |
| DECK | CALL | TRADE | BEARISH | 03/15/24 | $650.00 | $57.2K | 95 | 4 |
| DECK | CALL | TRADE | BULLISH | 05/17/24 | $900.00 | $49.8K | 23 | 0 |
About Deckers Outdoor
Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Most of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Most sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. Deckers sources its products from independent manufacturers primarily in Asia.
In light of the recent options history for Deckers Outdoor, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Deckers Outdoor
- Currently trading with a volume of 209,415, the DECK's price is up by 4.56%, now at $969.99.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 70 days.
What Analysts Are Saying About Deckers Outdoor
In the last month, 3 experts released ratings on this stock with an average target price of $963.3333333333334.
- An analyst from Telsey Advisory Group has revised its rating downward to Outperform, adjusting the price target to $930.
- An analyst from TD Cowen has decided to maintain their Outperform rating on Deckers Outdoor, which currently sits at a price target of $1000.
- Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $960.
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 Deckers Outdoor 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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