Investors with a lot of money to spend have taken a bullish stance on AutoZone AZO.
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 AZO, 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 19 uncommon options trades for AutoZone.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 31%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $291,640, and 13 are calls, for a total amount of $594,373.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2800.0 to $3400.0 for AutoZone during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of AutoZone stands at 38.44, with a total volume reaching 79.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AutoZone, situated within the strike price corridor from $2800.0 to $3400.0, throughout the last 30 days.
AutoZone Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AZO | CALL | SWEEP | BULLISH | 12/20/24 | $222.8 | $216.0 | $222.8 | $3150.00 | $111.4K | 26 | 6 |
| AZO | PUT | TRADE | BEARISH | 01/17/25 | $151.8 | $145.0 | $151.5 | $3400.00 | $75.7K | 0 | 5 |
| AZO | PUT | TRADE | BULLISH | 12/19/25 | $234.0 | $214.0 | $214.1 | $3200.00 | $64.2K | 5 | 3 |
| AZO | CALL | TRADE | BULLISH | 01/17/25 | $192.7 | $187.0 | $192.7 | $3200.00 | $57.8K | 90 | 4 |
| AZO | CALL | TRADE | BULLISH | 06/20/25 | $580.0 | $566.0 | $575.0 | $2900.00 | $57.5K | 2 | 1 |
About AutoZone
AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,400 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.
After a thorough review of the options trading surrounding AutoZone, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is AutoZone Standing Right Now?
- Trading volume stands at 68,377, with AZO's price up by 0.5%, positioned at $3326.08.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 1 days.
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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 AutoZone with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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