Investors with a lot of money to spend have taken a bearish stance on Deckers Outdoor DECK.
And retail traders should know.
We noticed this today when the positions 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 DECK, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Deckers Outdoor.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,250, and 7, calls, for a total amount of $209,573.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $570.0 to $900.0 for Deckers Outdoor over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Deckers Outdoor options trades today is 265.0 with a total volume of 2,282.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Deckers Outdoor's big money trades within a strike price range of $570.0 to $900.0 over the last 30 days.
Deckers Outdoor Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DECK | CALL | SWEEP | BEARISH | 06/21/24 | $30.1 | $26.8 | $30.0 | $900.00 | $36.0K | 30 | 481 |
| DECK | CALL | TRADE | BEARISH | 06/21/24 | $33.1 | $30.0 | $30.0 | $900.00 | $30.0K | 30 | 240 |
| DECK | CALL | TRADE | BEARISH | 06/21/24 | $32.9 | $29.9 | $29.9 | $900.00 | $29.9K | 30 | 250 |
| DECK | CALL | TRADE | BEARISH | 06/21/24 | $30.1 | $29.5 | $29.5 | $900.00 | $29.5K | 30 | 457 |
| DECK | CALL | TRADE | BEARISH | 06/21/24 | $30.1 | $29.5 | $29.5 | $900.00 | $29.5K | 30 | 447 |
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.
Having examined the options trading patterns of Deckers Outdoor, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Deckers Outdoor's Current Market Status
- With a volume of 140,361, the price of DECK is down 0.0% at $813.89.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 36 days.
Expert Opinions on Deckers Outdoor
In the last month, 4 experts released ratings on this stock with an average target price of $959.5.
- Reflecting concerns, an analyst from Truist Securities lowers its rating to Hold with a new price target of $864.
- An analyst from Truist Securities has decided to maintain their Hold rating on Deckers Outdoor, which currently sits at a price target of $864.
- Reflecting concerns, an analyst from Barclays lowers its rating to Overweight with a new price target of $1110.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $1000.
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 Deckers Outdoor, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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