High-rolling investors have positioned themselves bullish on e.l.f. Beauty ELF, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ELF often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for e.l.f. Beauty. This is not a typical pattern.
The sentiment among these major traders is split, with 62% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $110,585, and 7 calls, totaling $256,796.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $190.0 for e.l.f. Beauty, spanning the last 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 e.l.f. Beauty'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 e.l.f. Beauty's whale activity within a strike price range from $90.0 to $190.0 in the last 30 days.
e.l.f. Beauty Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ELF | PUT | SWEEP | BEARISH | 10/18/24 | $1.3 | $1.25 | $1.3 | $100.00 | $110.5K | 1.5K | 900 |
| ELF | CALL | SWEEP | BULLISH | 01/16/26 | $24.8 | $24.0 | $24.24 | $130.00 | $50.8K | 184 | 47 |
| ELF | CALL | SWEEP | NEUTRAL | 10/18/24 | $6.8 | $6.4 | $6.64 | $102.00 | $48.6K | 506 | 308 |
| ELF | CALL | TRADE | BULLISH | 01/17/25 | $14.8 | $14.5 | $14.7 | $110.00 | $36.7K | 148 | 50 |
| ELF | CALL | SWEEP | BEARISH | 01/16/26 | $24.9 | $24.1 | $24.22 | $130.00 | $31.4K | 184 | 20 |
About e.l.f. Beauty
e.l.f. Beauty Inc is a multi-brand beauty company that offers inclusive, accessible, clean, vegan and cruelty-free cosmetics and skin care products. The Company's mission is to make the best of beauty accessible to every eye, lip, face, and skin concern. The company offers cosmetic accessories for women which include eyeliner, mascara, false eyelashes, lipstick, the foundation for the face, moisturizer, cleanser, and other tools through its stores and e-commerce channels. The products that the company sells are marketed under the e.l.f. Cosmetics, W3LL PEOPLE and Keys Soulcare brands. It carries out sales within the US and internationally, out of which maximum revenue is generated from the US.
Having examined the options trading patterns of e.l.f. Beauty, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
e.l.f. Beauty's Current Market Status
- Trading volume stands at 1,755,275, with ELF's price up by 2.02%, positioned at $107.54.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 27 days.
Expert Opinions on e.l.f. Beauty
In the last month, 5 experts released ratings on this stock with an average target price of $179.4.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from DA Davidson keeps a Buy rating on e.l.f. Beauty with a target price of $223. * Consistent in their evaluation, an analyst from DA Davidson keeps a Buy rating on e.l.f. Beauty with a target price of $223. * Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for e.l.f. Beauty, targeting a price of $150. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for e.l.f. Beauty, targeting a price of $139. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for e.l.f. Beauty, targeting a price of $162.
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 e.l.f. Beauty, 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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