Investors with a lot of money to spend have taken a bullish stance on Axon Enterprise AXON.
And retail traders should know.
We noticed this today when the positions 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 AXON, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Axon Enterprise.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 28%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,200, and 13, calls, for a total amount of $699,718.
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 $370.0 to $680.0 for Axon Enterprise over the last 3 months.
Analyzing Volume & Open Interest
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 Axon Enterprise'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 Axon Enterprise's whale trades within a strike price range from $370.0 to $680.0 in the last 30 days.
Axon Enterprise 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXON | CALL | TRADE | BULLISH | 12/20/24 | $9.5 | $8.7 | $9.5 | $650.00 | $142.5K | 402 | 154 |
| AXON | CALL | TRADE | BEARISH | 12/20/24 | $12.0 | $11.5 | $11.5 | $650.00 | $80.5K | 402 | 355 |
| AXON | CALL | TRADE | BEARISH | 09/19/25 | $115.6 | $111.7 | $112.97 | $650.00 | $79.0K | 11 | 7 |
| AXON | CALL | SWEEP | BULLISH | 03/21/25 | $69.0 | $66.0 | $69.0 | $640.00 | $69.0K | 58 | 10 |
| AXON | CALL | TRADE | NEUTRAL | 12/20/24 | $12.6 | $10.3 | $11.45 | $650.00 | $62.9K | 402 | 285 |
About Axon Enterprise
Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software & sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and derives the majority of its revenue from the software & sensors segment and geographically from the United States.
Present Market Standing of Axon Enterprise
- With a volume of 291,605, the price of AXON is up 1.51% at $646.05.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 74 days.
What The Experts Say On Axon Enterprise
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $750.0.
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 Morgan Stanley has elevated its stance to Overweight, setting a new price target at $700. * Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Axon Enterprise with a target price of $800.
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 Axon Enterprise with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
