Investors with a lot of money to spend have taken a bearish stance on Five Below FIVE.
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 FIVE, 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 8 uncommon options trades for Five Below.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $160,722, and 3 are calls, for a total amount of $215,630.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $110.0 to $120.0 for Five Below over the last 3 months.
Analyzing Volume & Open Interest
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 Five Below'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 Five Below's whale activity within a strike price range from $110.0 to $120.0 in the last 30 days.
Five Below 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FIVE | CALL | SWEEP | BULLISH | 11/15/24 | $14.5 | $14.2 | $14.5 | $110.00 | $131.9K | 15 | 1 |
| FIVE | CALL | TRADE | BEARISH | 01/17/25 | $16.0 | $15.7 | $15.7 | $115.00 | $47.1K | 158 | 30 |
| FIVE | CALL | TRADE | BEARISH | 11/15/24 | $12.0 | $11.8 | $11.8 | $115.00 | $36.5K | 41 | 0 |
| FIVE | PUT | TRADE | BULLISH | 06/21/24 | $6.9 | $5.7 | $5.7 | $120.00 | $34.2K | 1.8K | 1 |
| FIVE | PUT | SWEEP | BEARISH | 06/21/24 | $0.65 | $0.55 | $0.65 | $110.00 | $32.5K | 2.2K | 713 |
About Five Below
Five Below Inc is a specialty value retailer offering merchandise targeted at the tween and teen demographic. The Company's edited assortment of products includes select brands and licensed merchandise.
After a thorough review of the options trading surrounding Five Below, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Five Below
- With a trading volume of 806,249, the price of FIVE is down by -2.04%, reaching $114.19.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 76 days from now.
What Analysts Are Saying About Five Below
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $160.0.
- Consistent in their evaluation, an analyst from Loop Capital keeps a Hold rating on Five Below with a target price of $120.
- An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Five Below, which currently sits at a price target of $220.
- An analyst from Truist Securities has decided to maintain their Buy rating on Five Below, which currently sits at a price target of $176.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Five Below with a target price of $160.
- An analyst from Craig-Hallum has decided to maintain their Hold rating on Five Below, which currently sits at a price target of $124.
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 Five Below, 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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