Deep-pocketed investors have adopted a bullish approach towards Dave & Buster's Enter PLAY, 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 PLAY 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 Dave & Buster's Enter. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 75% leaning bullish and 25% bearish. Among these notable options, 2 are puts, totaling $86,500, and 6 are calls, amounting to $612,360.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $55.0 for Dave & Buster's Enter, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Dave & Buster's Enter's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Dave & Buster's Enter's whale activity within a strike price range from $30.0 to $55.0 in the last 30 days.
Dave & Buster's Enter Option Activity Analysis: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLAY | CALL | SWEEP | BULLISH | 09/20/24 | $3.8 | $3.7 | $3.8 | $55.00 | $252.3K | 75 | 3 |
| PLAY | CALL | TRADE | BULLISH | 07/19/24 | $2.15 | $1.95 | $2.15 | $55.00 | $215.0K | 1.2K | 16 |
| PLAY | PUT | SWEEP | BULLISH | 06/21/24 | $6.0 | $5.7 | $5.9 | $55.00 | $59.5K | 488 | 4 |
| PLAY | CALL | SWEEP | BULLISH | 06/21/24 | $20.4 | $20.4 | $20.4 | $30.00 | $38.7K | 1 | 19 |
| PLAY | CALL | SWEEP | BULLISH | 06/21/24 | $20.4 | $20.4 | $20.4 | $30.00 | $38.7K | 1 | 0 |
About Dave & Buster's Enter
Dave & Buster's Entertainment Inc owns and operates nearly a hundred entertainment and dining establishments in the United States where customers can eat, drink, play games, and watch televised sports. Each store offers a full menu of entries and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. It derives maximum revenue from Entertainment.
Where Is Dave & Buster's Enter Standing Right Now?
- With a volume of 1,021,874, the price of PLAY is up 4.95% at $50.72.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 0 days.
Expert Opinions on Dave & Buster's Enter
In the last month, 1 experts released ratings on this stock with an average target price of $67.0.
- An analyst from Truist Securities persists with their Buy rating on Dave & Buster's Enter, maintaining a target price of $67.
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 Dave & Buster's Enter options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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