Whales with a lot of money to spend have taken a noticeably bullish stance on Coupang.
Looking at options history for Coupang CPNG we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 77% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $308,442 and 6, calls, for a total amount of $455,252.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $17.5 to $28.0 for Coupang during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Coupang stands at 13390.29, with a total volume reaching 2,737.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Coupang, situated within the strike price corridor from $17.5 to $28.0, throughout the last 30 days.
Coupang Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CPNG | CALL | TRADE | BULLISH | 01/16/26 | $6.8 | $6.7 | $6.8 | $20.00 | $204.0K | 2.4K | 300 |
| CPNG | PUT | SWEEP | BULLISH | 08/16/24 | $5.25 | $5.15 | $5.15 | $27.00 | $153.4K | 482 | 298 |
| CPNG | PUT | SWEEP | BULLISH | 08/16/24 | $6.2 | $6.1 | $6.1 | $28.00 | $123.2K | 1.1K | 203 |
| CPNG | CALL | SWEEP | BULLISH | 05/17/24 | $4.9 | $4.8 | $4.94 | $17.50 | $60.9K | 82.6K | 1.4K |
| CPNG | CALL | TRADE | BULLISH | 06/21/24 | $3.0 | $2.99 | $3.0 | $20.00 | $60.0K | 4.6K | 0 |
About Coupang
Coupang Inc is an e-commerce company. It sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.
Having examined the options trading patterns of Coupang, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Coupang's Current Market Status
- Currently trading with a volume of 11,518,514, the CPNG's price is down by -1.29%, now at $22.21.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 6 days.
What The Experts Say On Coupang
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $26.0.
- Showing optimism, an analyst from Citigroup upgrades its rating to Buy with a revised price target of $26.
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 Coupang with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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