Financial giants have made a conspicuous bullish move on Wayfair. Our analysis of options history for Wayfair W revealed 11 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $1,205,675, and 9 were calls, valued at $401,505.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $75.0 for Wayfair over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Wayfair's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Wayfair's substantial trades, within a strike price spectrum from $50.0 to $75.0 over the preceding 30 days.
Wayfair 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| W | PUT | TRADE | NEUTRAL | 01/16/26 | $12.2 | $11.4 | $11.8 | $50.00 | $1.1M | 113 | 1.0K |
| W | CALL | SWEEP | BEARISH | 07/19/24 | $9.05 | $8.8 | $8.8 | $50.00 | $95.0K | 4.2K | 451 |
| W | CALL | SWEEP | BEARISH | 07/19/24 | $9.2 | $8.95 | $8.95 | $50.00 | $80.5K | 4.2K | 151 |
| W | CALL | SWEEP | BEARISH | 07/19/24 | $9.05 | $8.8 | $8.8 | $50.00 | $52.8K | 4.2K | 301 |
| W | CALL | SWEEP | BULLISH | 07/19/24 | $9.1 | $8.8 | $9.0 | $50.00 | $37.8K | 4.2K | 343 |
About Wayfair
Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland. At the end of 2023, the firm offered more than 30 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.
In light of the recent options history for Wayfair, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Wayfair's Current Market Status
- Currently trading with a volume of 1,196,909, the W's price is down by -1.47%, now at $57.07.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 58 days.
Professional Analyst Ratings for Wayfair
In the last month, 4 experts released ratings on this stock with an average target price of $78.25.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Sector Perform rating on Wayfair with a target price of $65.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $75.
- An analyst from Argus Research has elevated its stance to Buy, setting a new price target at $83.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Wayfair with a target price of $90.
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 Wayfair options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
