Deep-pocketed investors have adopted a bullish approach towards DoorDash DASH, 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 DASH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for DoorDash. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 20% bearish. Among these notable options, 7 are puts, totaling $651,229, and 3 are calls, amounting to $214,400.
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 $60.0 and $170.0 for DoorDash, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for DoorDash options trades today is 991.78 with a total volume of 145.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DoorDash's big money trades within a strike price range of $60.0 to $170.0 over the last 30 days.
DoorDash 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DASH | PUT | TRADE | NEUTRAL | 01/17/25 | $19.4 | $18.85 | $19.1 | $120.00 | $191.0K | 729 | 100 |
| DASH | PUT | TRADE | NEUTRAL | 01/17/25 | $19.5 | $18.65 | $19.0 | $120.00 | $190.0K | 729 | 0 |
| DASH | CALL | TRADE | BEARISH | 01/17/25 | $45.15 | $45.0 | $45.0 | $65.00 | $135.0K | 129 | 0 |
| DASH | PUT | SWEEP | NEUTRAL | 01/17/25 | $8.55 | $8.5 | $8.55 | $100.00 | $110.2K | 3.1K | 12 |
| DASH | PUT | TRADE | BULLISH | 01/16/26 | $66.4 | $61.4 | $62.9 | $170.00 | $62.9K | 10 | 0 |
About DoorDash
Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDash provides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers.
In light of the recent options history for DoorDash, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of DoorDash
- Currently trading with a volume of 1,762,713, the DASH's price is down by -0.89%, now at $107.81.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 30 days.
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 DoorDash, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
