Investors with a lot of money to spend have taken a bearish stance on Domino's Pizza DPZ.
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 DPZ, 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 9 uncommon options trades for Domino's Pizza.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 44%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $381,667, and 2 are calls, for a total amount of $62,900.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $470.0 to $535.0 for Domino's Pizza during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Domino's Pizza stands at 193.8, with a total volume reaching 947.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Domino's Pizza, situated within the strike price corridor from $470.0 to $535.0, throughout the last 30 days.
Domino's Pizza Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DPZ | PUT | SWEEP | BEARISH | 07/19/24 | $12.0 | $11.9 | $12.0 | $520.00 | $168.0K | 199 | 96 |
| DPZ | PUT | SWEEP | BULLISH | 07/12/24 | $8.7 | $6.9 | $6.9 | $525.00 | $55.8K | 6 | 0 |
| DPZ | PUT | SWEEP | BEARISH | 07/19/24 | $11.9 | $11.8 | $11.9 | $520.00 | $48.7K | 199 | 298 |
| DPZ | CALL | TRADE | NEUTRAL | 12/20/24 | $50.6 | $44.0 | $47.5 | $530.00 | $33.2K | 226 | 0 |
| DPZ | CALL | TRADE | NEUTRAL | 07/19/24 | $61.9 | $56.8 | $59.3 | $470.00 | $29.6K | 536 | 0 |
About Domino's Pizza
Domino's is a restaurant operator and franchiser with nearly 20,600 global stores across more than 90 international markets at the end of 2023. The firm generates revenue through the sales of pizza, wings, salads, sandwiches, and desserts at company-owned stores, royalty and marketing contributions from franchise-operated stores, and its network of 25 domestic (and five Canadian) dough manufacturing and supply chain facilities, which centralize purchasing, preparation, and last-mile delivery for the firm's US and Canadian restaurants. With roughly $18.3 billion in 2023 system sales, Domino's is the largest player in the global pizza market, ahead of Pizza Hut, Little Caesars, and Papa John's.
In light of the recent options history for Domino's Pizza, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Domino's Pizza's Current Market Status
- Trading volume stands at 145,262, with DPZ's price down by 0.0%, positioned at $533.64.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 28 days.
What Analysts Are Saying About Domino's Pizza
In the last month, 4 experts released ratings on this stock with an average target price of $593.0.
- An analyst from Wedbush downgraded its action to Outperform with a price target of $575.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Domino's Pizza, targeting a price of $610.
- An analyst from RBC Capital downgraded its action to Outperform with a price target of $575.
- Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Buy with a new price target of $612.
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 Domino's Pizza 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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