Investors with a lot of money to spend have taken a bearish stance on Etsy ETSY.
And retail traders should know.
We noticed this today when the trades 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 ETSY, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Etsy.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 50%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $715,382, and 2 are calls, for a total amount of $222,750.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $95.0 for Etsy over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Etsy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Etsy's substantial trades, within a strike price spectrum from $55.0 to $95.0 over the preceding 30 days.
Etsy 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ETSY | PUT | TRADE | BULLISH | 01/16/26 | $9.55 | $9.1 | $9.23 | $55.00 | $323.0K | 167 | 350 |
| ETSY | CALL | TRADE | BEARISH | 01/17/25 | $4.75 | $4.55 | $4.6 | $80.00 | $183.9K | 3.2K | 400 |
| ETSY | PUT | SWEEP | NEUTRAL | 01/17/25 | $5.15 | $4.85 | $5.01 | $55.00 | $117.2K | 1.3K | 420 |
| ETSY | PUT | SWEEP | BEARISH | 01/17/25 | $5.2 | $5.1 | $5.2 | $55.00 | $69.1K | 1.3K | 982 |
| ETSY | PUT | SWEEP | BULLISH | 01/17/25 | $5.3 | $4.95 | $5.09 | $55.00 | $60.3K | 1.3K | 150 |
About Etsy
Etsy operates a top-10 e-commerce marketplace operator in the US and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.2 billion in 2023 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
Having examined the options trading patterns of Etsy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Etsy Standing Right Now?
- With a trading volume of 1,486,524, the price of ETSY is down by -2.03%, reaching $62.16.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 82 days from now.
What Analysts Are Saying About Etsy
5 market experts have recently issued ratings for this stock, with a consensus target price of $70.2.
- An analyst from Goldman Sachs persists with their Neutral rating on Etsy, maintaining a target price of $70.
- An analyst from Truist Securities persists with their Buy rating on Etsy, maintaining a target price of $75.
- An analyst from Wedbush persists with their Neutral rating on Etsy, maintaining a target price of $65.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Underweight rating on Etsy with a target price of $58.
- Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on Etsy with a target price of $83.
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 Etsy with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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