Deep-pocketed investors have adopted a bearish approach towards Five Below FIVE, 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 FIVE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for Five Below. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 12 are puts, totaling $489,548, and 6 are calls, amounting to $228,395.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $230.0 for Five Below, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Five Below options trades today is 199.22 with a total volume of 2,554.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Five Below's big money trades within a strike price range of $150.0 to $230.0 over the last 30 days.
Five Below Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FIVE | PUT | TRADE | BULLISH | 04/19/24 | $220.00 | $132.8K | 4 | 102 |
| FIVE | CALL | TRADE | BEARISH | 04/19/24 | $180.00 | $78.0K | 52 | 26 |
| FIVE | PUT | SWEEP | BEARISH | 04/19/24 | $230.00 | $42.6K | 0 | 5 |
| FIVE | PUT | TRADE | BEARISH | 04/19/24 | $220.00 | $39.0K | 4 | 218 |
| FIVE | CALL | SWEEP | BEARISH | 04/19/24 | $210.00 | $38.5K | 298 | 297 |
About Five Below
Five Below is a value-oriented retailer that operated 1,340 stores in the United States as of the end of fiscal 2022. Catering to teen and preteen consumers, its stores feature a wide variety of merchandise, the vast majority of which is priced below $6. The assortment focuses on discretionary items in several categories, particularly leisure (such as sporting goods, toys, and electronics; 48% of fiscal 2022 sales), fashion and home (for example, beauty products and accessories, home goods, and storage solutions; 29% of fiscal 2022 sales), and party and snack (including seasonal goods, candy, and beverages; 23% of fiscal 2022 sales). The chain had stores in 42 states as of the end of fiscal 2022.
After a thorough review of the options trading surrounding Five Below, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Five Below
- Currently trading with a volume of 938,114, the FIVE's price is up by 1.12%, now at $208.97.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 0 days.
Professional Analyst Ratings for Five Below
2 market experts have recently issued ratings for this stock, with a consensus target price of $227.5.
- An analyst from Mizuho has revised its rating downward to Buy, adjusting the price target to $225.
- In a cautious move, an analyst from Telsey Advisory Group downgraded its rating to Outperform, setting a price target of $230.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Five Below, Benzinga Pro gives you real-time options trades alerts.
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