Whales with a lot of money to spend have taken a noticeably bearish stance on Costco Wholesale.
Looking at options history for Costco Wholesale COST we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 14% of the investors opened trades with bullish expectations and 57% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $322,438 and 6, calls, for a total amount of $467,352.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $480.0 to $975.0 for Costco Wholesale over the recent three months.
Analyzing 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 Costco Wholesale'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 Costco Wholesale's whale activity within a strike price range from $480.0 to $975.0 in the last 30 days.
Costco Wholesale Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | CALL | TRADE | BEARISH | 01/17/25 | $378.9 | $371.45 | $374.2 | $575.00 | $187.1K | 737 | 5 |
| COST | CALL | TRADE | NEUTRAL | 01/17/25 | $474.1 | $467.0 | $470.56 | $480.00 | $94.1K | 3 | 2 |
| COST | CALL | TRADE | NEUTRAL | 01/17/25 | $368.9 | $361.3 | $364.7 | $585.00 | $72.9K | 368 | 2 |
| COST | PUT | TRADE | NEUTRAL | 06/20/25 | $60.4 | $57.8 | $59.27 | $965.00 | $59.2K | 119 | 10 |
| COST | PUT | TRADE | BEARISH | 02/21/25 | $11.05 | $9.65 | $11.05 | $900.00 | $55.2K | 262 | 0 |
About Costco Wholesale
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.
Having examined the options trading patterns of Costco Wholesale, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Costco Wholesale Standing Right Now?
- With a volume of 98,403, the price of COST is down -0.05% at $949.47.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 72 days.
Expert Opinions on Costco Wholesale
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $1064.4.
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. * Maintaining their stance, an analyst from Roth MKM continues to hold a Neutral rating for Costco Wholesale, targeting a price of $907. * An analyst from Telsey Advisory Group persists with their Outperform rating on Costco Wholesale, maintaining a target price of $1000. * Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Costco Wholesale, targeting a price of $1175. * An analyst from Morgan Stanley persists with their Overweight rating on Costco Wholesale, maintaining a target price of $1150. * An analyst from TD Cowen persists with their Buy rating on Costco Wholesale, maintaining a target price of $1090.
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 Costco Wholesale, 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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