Financial giants have made a conspicuous bearish move on Mohawk Industries. Our analysis of options history for Mohawk Industries MHK revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $265,720, and 5 were calls, valued at $1,379,360.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $125.0 for Mohawk Industries over the recent three months.
Insights into 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 Mohawk Industries'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 Mohawk Industries's whale activity within a strike price range from $50.0 to $125.0 in the last 30 days.
Mohawk Industries Option Activity Analysis: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MHK | CALL | SWEEP | BEARISH | 08/16/24 | $13.3 | $12.4 | $12.55 | $110.00 | $630.7K | 1.9K | 7 |
| MHK | CALL | SWEEP | BULLISH | 08/16/24 | $12.9 | $11.7 | $12.5 | $110.00 | $627.8K | 1.9K | 507 |
| MHK | PUT | SWEEP | BEARISH | 11/15/24 | $12.3 | $12.2 | $12.3 | $125.00 | $121.7K | 4 | 0 |
| MHK | PUT | TRADE | BEARISH | 08/16/24 | $4.3 | $3.6 | $4.3 | $115.00 | $101.0K | 47 | 1 |
| MHK | CALL | SWEEP | BEARISH | 07/19/24 | $16.5 | $14.7 | $14.6 | $105.00 | $48.1K | 263 | 2 |
About Mohawk Industries
Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring North America, and Flooring Rest of the World. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.
Following our analysis of the options activities associated with Mohawk Industries, we pivot to a closer look at the company's own performance.
Current Position of Mohawk Industries
- Trading volume stands at 549,333, with MHK's price up by 6.12%, positioned at $119.85.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 14 days.
What Analysts Are Saying About Mohawk Industries
1 market experts have recently issued ratings for this stock, with a consensus target price of $135.0.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Mohawk Industries, targeting a price of $135.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Mohawk Industries with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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