Deep-pocketed investors have adopted a bullish approach towards Whirlpool WHR, 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 WHR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Whirlpool. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 58% leaning bullish and 8% bearish. Among these notable options, 2 are puts, totaling $126,135, and 10 are calls, amounting to $438,591.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $120.0 for Whirlpool, spanning the last three months.
Volume & Open Interest Development
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 Whirlpool'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 Whirlpool's whale activity within a strike price range from $85.0 to $120.0 in the last 30 days.
Whirlpool 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WHR | CALL | TRADE | BEARISH | 06/21/24 | $2.95 | $2.75 | $2.8 | $94.00 | $90.1K | 898 | 915 |
| WHR | PUT | TRADE | BULLISH | 01/16/26 | $35.1 | $33.9 | $33.9 | $120.00 | $67.8K | 89 | 0 |
| WHR | PUT | SWEEP | BULLISH | 07/19/24 | $12.1 | $11.6 | $11.6 | $105.00 | $58.3K | 11 | 0 |
| WHR | CALL | SWEEP | BULLISH | 06/21/24 | $1.75 | $1.65 | $1.65 | $94.00 | $53.9K | 898 | 54 |
| WHR | CALL | TRADE | BULLISH | 07/19/24 | $3.4 | $3.2 | $3.4 | $95.00 | $51.0K | 2.3K | 94 |
About Whirlpool
Whirlpool Corp is a manufacturer and marketer of home appliances and related products. Its reportable segments consist of five operating segments, which consist of Domestic Appliances (MDA) North America; MDA Europe, MDA Latin America; MDA Asia; and Small Domestic Appliances (SDA). Product categories include refrigeration, laundry, cooking, and dishwashing. The company has also a portfolio of small domestic appliances, including the KitchenAid stand mixer. The company's international brands include Whirlpool, KitchenAid, Maytag, Consul, and Brastemp among others.
Having examined the options trading patterns of Whirlpool, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Whirlpool
- With a trading volume of 1,281,048, the price of WHR is up by 6.67%, reaching $94.45.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 42 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Whirlpool, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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