Whales with a lot of money to spend have taken a noticeably bearish stance on W.W. Grainger.
Looking at options history for W.W. Grainger GWW we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $250,903 and 6, calls, for a total amount of $330,308.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $960.0 to $1100.0 for W.W. Grainger over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for W.W. Grainger'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 W.W. Grainger's whale trades within a strike price range from $960.0 to $1100.0 in the last 30 days.
W.W. Grainger Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GWW | CALL | TRADE | BULLISH | 10/18/24 | $83.7 | $76.9 | $80.97 | $1000.00 | $89.0K | 103 | 63 |
| GWW | CALL | TRADE | BEARISH | 01/17/25 | $64.9 | $60.7 | $62.29 | $1060.00 | $68.5K | 3 | 21 |
| GWW | PUT | TRADE | BEARISH | 01/17/25 | $13.2 | $10.7 | $12.7 | $980.00 | $63.5K | 8 | 222 |
| GWW | PUT | TRADE | BEARISH | 01/17/25 | $13.4 | $9.9 | $12.0 | $980.00 | $57.6K | 8 | 48 |
| GWW | PUT | TRADE | BEARISH | 01/17/25 | $12.5 | $10.1 | $12.2 | $980.00 | $56.1K | 8 | 268 |
About W.W. Grainger
W.W. Grainger distributes maintenance, repair, and operating products that are sourced from over 5,000 suppliers. The company serves more than 4.5 million customers through its online and electronic purchasing platforms, vending machines, catalog distribution, and network of over 300 global branches.
In light of the recent options history for W.W. Grainger, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of W.W. Grainger
- With a trading volume of 207,505, the price of GWW is up by 5.62%, reaching $1082.78.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 20 days from now.
What The Experts Say On W.W. Grainger
1 market experts have recently issued ratings for this stock, with a consensus target price of $925.0.
Turn $1000 into $1270 in just 20 days?
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. * An analyst from B of A Securities downgraded its action to Underperform with a price target of $925.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest W.W. Grainger options trades with real-time alerts from Benzinga Pro.
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