Whales with a lot of money to spend have taken a noticeably bearish stance on Monster Beverage.
Looking at options history for Monster Beverage MNST we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $286,932 and 2, calls, for a total amount of $276,500.
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 $49.0 to $52.5 for Monster Beverage over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Monster Beverage options trades today is 2481.43 with a total volume of 1,305.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Monster Beverage's big money trades within a strike price range of $49.0 to $52.5 over the last 30 days.
Monster Beverage 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MNST | CALL | TRADE | BULLISH | 07/19/24 | $0.8 | $0.75 | $0.8 | $50.00 | $240.0K | 1.5K | 648 |
| MNST | PUT | TRADE | BEARISH | 06/21/24 | $1.0 | $0.9 | $1.0 | $50.00 | $75.0K | 9.8K | 86 |
| MNST | PUT | SWEEP | BEARISH | 06/21/24 | $0.75 | $0.7 | $0.7 | $49.00 | $51.0K | 2.0K | 68 |
| MNST | PUT | SWEEP | NEUTRAL | 09/20/24 | $4.5 | $3.8 | $4.21 | $52.50 | $50.4K | 974 | 201 |
| MNST | PUT | SWEEP | BEARISH | 07/19/24 | $1.85 | $1.8 | $1.85 | $50.00 | $46.2K | 1.9K | 302 |
About Monster Beverage
Monster Beverage is a leader in the energy drink subsegment of the nonalcoholic beverage market, generating two thirds of revenue in the US and Canada. The well-known Monster trademark includes brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. The firm also owns other energy drink brands, such as Reign, NOS, Burn, and Mother, and brews and distributes beers and flavored malt beverages following the acquisition of a craft brewer in 2022. Monster controls branding and innovation but outsources beverage manufacturing and packaging to copackers and finished goods distribution to bottlers in the global Coca-Cola system (pursuant to a 20-year agreement inked in 2015). Coke is the largest shareholder of Monster with a 19.5% stake.
After a thorough review of the options trading surrounding Monster Beverage, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Monster Beverage's Current Market Status
- Trading volume stands at 6,745,534, with MNST's price down by -2.34%, positioned at $48.6.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 49 days.
What The Experts Say On Monster Beverage
1 market experts have recently issued ratings for this stock, with a consensus target price of $56.0.
- Maintaining their stance, an analyst from Roth MKM continues to hold a Neutral rating for Monster Beverage, targeting a price of $56.
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 Monster Beverage options trades with real-time alerts from Benzinga Pro.
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