Financial giants have made a conspicuous bearish move on Estee Lauder Cos. Our analysis of options history for Estee Lauder Cos EL revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $56,020, and 6 were calls, valued at $263,005.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $115.0 for Estee Lauder Cos over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Estee Lauder Cos stands at 619.0, with a total volume reaching 1,737.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Estee Lauder Cos, situated within the strike price corridor from $80.0 to $115.0, throughout the last 30 days.
Estee Lauder Cos Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EL | CALL | TRADE | BULLISH | 09/20/24 | $2.2 | $2.15 | $2.2 | $115.00 | $55.0K | 1.5K | 793 |
| EL | CALL | SWEEP | BEARISH | 09/20/24 | $2.2 | $2.05 | $2.07 | $115.00 | $51.7K | 1.5K | 250 |
| EL | CALL | SWEEP | BEARISH | 09/20/24 | $2.2 | $2.1 | $2.12 | $115.00 | $49.7K | 1.5K | 500 |
| EL | CALL | TRADE | BEARISH | 07/26/24 | $1.55 | $1.45 | $1.45 | $100.00 | $43.5K | 94 | 40 |
| EL | CALL | SWEEP | BULLISH | 10/18/24 | $6.1 | $6.0 | $6.1 | $105.00 | $32.3K | 232 | 14 |
About Estee Lauder Cos
Estee Lauder is a leader in the global prestige beauty market, participating across skin care (52% of 2023 sales), makeup (28%), fragrance (16%), and hair care (4%) categories, with top-selling brands such as Estee Lauder, Clinique, M.A.C, La Mer, Jo Malone London, Aveda, Bobbi Brown, and Origins. The firm operates in more than 150 countries, generating 28% of revenue from the Americas, 39% from Europe, the Middle East and Africa (including travel retail), and 33% from Asia-Pacific. Estee Lauder sells its products through department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
Having examined the options trading patterns of Estee Lauder Cos, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Estee Lauder Cos
- Trading volume stands at 2,139,021, with EL's price up by 1.66%, positioned at $100.83.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 25 days.
Professional Analyst Ratings for Estee Lauder Cos
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $125.8.
- An analyst from Piper Sandler persists with their Neutral rating on Estee Lauder Cos, maintaining a target price of $108.
- An analyst from Citigroup has decided to maintain their Buy rating on Estee Lauder Cos, which currently sits at a price target of $135.
- An analyst from B of A Securities persists with their Buy rating on Estee Lauder Cos, maintaining a target price of $140.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Estee Lauder Cos, targeting a price of $117.
- An analyst from JP Morgan has decided to maintain their Overweight rating on Estee Lauder Cos, which currently sits at a price target of $129.
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 Estee Lauder Cos with Benzinga Pro for real-time alerts.
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