Benzinga's options scanner has just identified more than 11 option transactions on Dow DOW, with a cumulative value of $427,337. Concurrently, our algorithms picked up 5 puts, worth a total of 216,595.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $52.5 and $60.0 for Dow, spanning the last three months.
Volume & Open Interest Trends
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 Dow'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 Dow's whale trades within a strike price range from $52.5 to $60.0 in the last 30 days.
Dow 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DOW | CALL | TRADE | BEARISH | 04/19/24 | $57.50 | $536.0K | 24.2K | 10.2K |
| DOW | CALL | TRADE | BULLISH | 06/21/24 | $57.50 | $116.5K | 8.3K | 712 |
| DOW | PUT | SWEEP | BULLISH | 06/20/25 | $55.00 | $51.0K | 338 | 100 |
| DOW | PUT | SWEEP | BULLISH | 01/17/25 | $60.00 | $50.6K | 1.2K | 133 |
| DOW | CALL | SWEEP | BEARISH | 04/19/24 | $57.50 | $46.3K | 24.2K | 549 |
About Dow
Dow Chemical is a diversified global chemicals producer, formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.
After a thorough review of the options trading surrounding Dow, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Dow Standing Right Now?
- Currently trading with a volume of 7,390,182, the DOW's price is down by -0.53%, now at $56.74.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 38 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 Dow with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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