Investors with a lot of money to spend have taken a bullish 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 31 uncommon options trades for Domino's Pizza.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 38%, bearish.
Out of all of the special options we uncovered, 25 are puts, for a total amount of $1,138,973, and 6 are calls, for a total amount of $240,456.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $540.0 for Domino's Pizza during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Domino's Pizza's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Domino's Pizza's significant trades, within a strike price range of $300.0 to $540.0, over the past month.
Domino's Pizza Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DPZ | PUT | TRADE | BEARISH | 07/19/24 | $110.2 | $110.2 | $110.2 | $515.00 | $110.2K | 10 | 0 |
| DPZ | PUT | TRADE | BULLISH | 07/19/24 | $114.0 | $108.0 | $108.9 | $520.00 | $108.9K | 11 | 0 |
| DPZ | PUT | SWEEP | BULLISH | 08/16/24 | $77.1 | $73.5 | $73.52 | $480.00 | $73.5K | 23 | 5 |
| DPZ | PUT | SWEEP | BEARISH | 07/19/24 | $71.5 | $68.5 | $71.5 | $475.00 | $71.5K | 55 | 18 |
| DPZ | PUT | TRADE | NEUTRAL | 06/20/25 | $65.0 | $61.6 | $63.54 | $450.00 | $63.5K | 330 | 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.
Having examined the options trading patterns of Domino's Pizza, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Domino's Pizza Standing Right Now?
- With a volume of 954,998, the price of DPZ is down -1.03% at $404.81.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 83 days.
Expert Opinions on Domino's Pizza
In the last month, 5 experts released ratings on this stock with an average target price of $537.0.
- In a positive move, an analyst from Baird has upgraded their rating to Outperform and adjusted the price target to $580.
- An analyst from TD Cowen persists with their Buy rating on Domino's Pizza, maintaining a target price of $520.
- An analyst from Stephens & Co. has decided to maintain their Equal-Weight rating on Domino's Pizza, which currently sits at a price target of $430.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Domino's Pizza, targeting a price of $580.
- An analyst from RBC Capital downgraded its action to Outperform with a price target of $575.
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 Domino's Pizza, 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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