Whales with a lot of money to spend have taken a noticeably bullish stance on Lamb Weston Hldgs.
Looking at options history for Lamb Weston Hldgs LW we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 68% of the investors opened trades with bullish expectations and 31% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $60,800 and 14, calls, for a total amount of $1,059,193.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $115.0 for Lamb Weston Hldgs over the recent three months.
Insights into Volume & Open Interest
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 Lamb Weston Hldgs'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 Lamb Weston Hldgs's whale activity within a strike price range from $100.0 to $115.0 in the last 30 days.
Lamb Weston Hldgs 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LW | CALL | SWEEP | BULLISH | 05/17/24 | $3.7 | $3.5 | $3.7 | $105.00 | $285.2K | 128 | 949 |
| LW | CALL | SWEEP | BULLISH | 04/19/24 | $3.1 | $2.7 | $3.1 | $105.00 | $263.1K | 3.3K | 870 |
| LW | CALL | SWEEP | BEARISH | 05/17/24 | $3.7 | $3.6 | $3.6 | $105.00 | $84.9K | 128 | 320 |
| LW | CALL | SWEEP | BEARISH | 04/19/24 | $1.8 | $1.65 | $1.65 | $110.00 | $57.7K | 1.3K | 688 |
| LW | CALL | SWEEP | BULLISH | 04/19/24 | $3.4 | $3.3 | $3.4 | $105.00 | $53.3K | 3.3K | 2.9K |
About Lamb Weston Hldgs
Lamb Weston is North America's largest and the world's second-largest producer of branded and private-label frozen potato products, both by volume and value. The company's portfolio is anchored by French fries, but it also sells sweet potato fries, tater tots, diced potatoes, mashed potatoes, hash browns, and chips. Nearly 70% of revenue comes from its home market of North America, with none of the other 100 countries the company sells into representing a significant share. McDonald's is Lamb Weston's single largest customer at 13% of fiscal 2023 sales, with no other company representing more than 10%. Lamb Weston became an independent company in 2016 when it was spun off from Conagra.
Lamb Weston Hldgs's Current Market Status
- Trading volume stands at 3,606,544, with LW's price down by -2.08%, positioned at $101.65.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 1 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 Lamb Weston Hldgs with Benzinga Pro for real-time alerts.
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