Deep-pocketed investors have adopted a bullish approach towards JD.com JD, 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 JD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for JD.com. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 77% leaning bullish and 22% bearish. Among these notable options, 4 are puts, totaling $762,920, and 5 are calls, amounting to $1,135,174.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $40.0 for JD.com over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of JD.com stands at 3153.88, with a total volume reaching 6,561.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in JD.com, situated within the strike price corridor from $30.0 to $40.0, throughout the last 30 days.
JD.com Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JD | CALL | TRADE | BULLISH | 09/20/24 | $2.05 | $2.0 | $2.04 | $32.50 | $612.0K | 7.4K | 3.0K |
| JD | CALL | TRADE | BEARISH | 11/15/24 | $1.92 | $1.88 | $1.89 | $36.00 | $359.1K | 120 | 0 |
| JD | PUT | TRADE | BULLISH | 07/19/24 | $2.23 | $2.14 | $2.15 | $31.00 | $322.5K | 1.0K | 0 |
| JD | PUT | SWEEP | BULLISH | 01/17/25 | $3.7 | $3.65 | $3.7 | $30.00 | $185.3K | 8.4K | 1.0K |
| JD | PUT | SWEEP | BULLISH | 01/17/25 | $3.85 | $3.7 | $3.7 | $30.00 | $185.0K | 8.4K | 501 |
About JD.com
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
Having examined the options trading patterns of JD.com, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
JD.com's Current Market Status
- With a volume of 5,151,369, the price of JD is down -2.06% at $29.96.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 69 days.
What The Experts Say On JD.com
5 market experts have recently issued ratings for this stock, with a consensus target price of $38.8.
- An analyst from Barclays persists with their Overweight rating on JD.com, maintaining a target price of $41.
- An analyst from Bernstein persists with their Market Perform rating on JD.com, maintaining a target price of $35.
- Maintaining their stance, an analyst from Loop Capital continues to hold a Hold rating for JD.com, targeting a price of $35.
- An analyst from Mizuho has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $40.
- An analyst from B of A Securities has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $43.
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 JD.com with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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