Decoding Wayfair's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on Wayfair. Our analysis of options history for Wayfair W revealed 15 unusual trades.

Delving into the details, we found 46% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $210,476, and 9 were calls, valued at $739,378.

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 $25.0 to $100.0 for Wayfair during the past quarter.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Wayfair's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Wayfair's significant trades, within a strike price range of $25.0 to $100.0, over the past month.

Wayfair Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About Wayfair

Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland. It's recently embarked on expansion into the brick-and-mortar landscape, with a handful of stores between the AllModern, Birch Lane, Joss & Main, and Wayfair banners. At the end of 2023, the firm offered more than 30 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.

Having examined the options trading patterns of Wayfair, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Wayfair

• Currently trading with a volume of 5,085,061, the W's price is up by 1.39%, now at $40.71.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 106 days.

Expert Opinions on Wayfair

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $53.2.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Wayfair with a target price of $54. * Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Wayfair with a target price of $55. * Consistent in their evaluation, an analyst from Mizuho keeps a Outperform rating on Wayfair with a target price of $60. * Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Wayfair, targeting a price of $50. * An analyst from Stifel persists with their Hold rating on Wayfair, maintaining a target price of $47.

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 Wayfair options trades with real-time alerts from Benzinga Pro.