Deep-pocketed investors have adopted a bearish approach towards O'Reilly Automotive ORLY, 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 ORLY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for O'Reilly Automotive. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 12% leaning bullish and 62% bearish. Among these notable options, 5 are puts, totaling $179,742, and 3 are calls, amounting to $145,500.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1040.0 to $1150.0 for O'Reilly Automotive over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for O'Reilly Automotive options trades today is 37.0 with a total volume of 60.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for O'Reilly Automotive's big money trades within a strike price range of $1040.0 to $1150.0 over the last 30 days.
O'Reilly Automotive Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORLY | CALL | TRADE | NEUTRAL | 12/20/24 | $100.6 | $92.4 | $96.0 | $1040.00 | $57.6K | 2 | 0 |
| ORLY | PUT | SWEEP | BEARISH | 06/21/24 | $26.4 | $25.8 | $25.8 | $1040.00 | $51.6K | 46 | 20 |
| ORLY | CALL | TRADE | BEARISH | 12/20/24 | $80.5 | $78.5 | $78.5 | $1060.00 | $47.1K | 5 | 6 |
| ORLY | CALL | TRADE | NEUTRAL | 12/20/24 | $44.5 | $37.9 | $40.8 | $1150.00 | $40.8K | 8 | 10 |
| ORLY | PUT | SWEEP | BEARISH | 05/17/24 | $21.3 | $19.3 | $20.38 | $1040.00 | $38.9K | 82 | 19 |
About O'Reilly Automotive
O'Reilly is an aftermarket automotive parts retailer in the United States and Mexico with nearly $16 billion in annual sales. The company operates over 6,000 domestic stores and serves both the do-it-yourself (about 55% of sales) and professional (45% of sales) end markets. Despite operating amid a highly fragmented industry, O'Reilly differentiates itself by providing quality service to its customers throughout the entirety of the vehicle diagnosis and purchasing process. Furthermore, the firm boasts an impressive hub-and-spoke distribution network designed to provide its localized store base with ample aftermarket product availability across various vehicle makes and models.
Following our analysis of the options activities associated with O'Reilly Automotive, we pivot to a closer look at the company's own performance.
Present Market Standing of O'Reilly Automotive
- With a trading volume of 134,743, the price of ORLY is down by -0.69%, reaching $1036.77.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 86 days from now.
What Analysts Are Saying About O'Reilly Automotive
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1198.8.
- An analyst from Wedbush downgraded its action to Neutral with a price target of $1100.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for O'Reilly Automotive, targeting a price of $1234.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for O'Reilly Automotive, targeting a price of $1240.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on O'Reilly Automotive with a target price of $1220.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for O'Reilly Automotive, targeting a price of $1200.
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 O'Reilly Automotive options trades with real-time alerts from Benzinga Pro.
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