Investors with a lot of money to spend have taken a bearish stance on Lowe's Companies LOW.
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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with LOW, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Lowe's Companies.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 57%, bearish.
Out of all of the options we uncovered, 13 are puts, for a total amount of $807,820, and there was 1 call, for a total amount of $90,170.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $260.0 to $260.0 for Lowe's Companies over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Lowe's Companies stands at 632.0, with a total volume reaching 3,724.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lowe's Companies, situated within the strike price corridor from $260.0 to $260.0, throughout the last 30 days.
Lowe's Companies 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LOW | PUT | TRADE | BEARISH | 03/21/25 | $16.15 | $16.05 | $16.15 | $260.00 | $101.7K | 486 | 433 |
| LOW | PUT | SWEEP | BEARISH | 03/21/25 | $16.1 | $15.9 | $16.1 | $260.00 | $97.9K | 486 | 554 |
| LOW | CALL | SWEEP | BULLISH | 03/21/25 | $7.1 | $7.05 | $7.1 | $260.00 | $90.1K | 778 | 127 |
| LOW | PUT | TRADE | BEARISH | 03/21/25 | $16.05 | $15.15 | $15.8 | $260.00 | $71.1K | 486 | 167 |
| LOW | PUT | SWEEP | BULLISH | 03/21/25 | $15.9 | $15.5 | $15.62 | $260.00 | $70.4K | 486 | 212 |
About Lowe's Companies
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's primarily targets retail do-it-yourself (around 70% of sales in 2024) and do-it-for-me customers, but has expanded its commercial and professional business clients to 30% from less than 20% in the past six years. We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.
After a thorough review of the options trading surrounding Lowe's Companies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Lowe's Companies Standing Right Now?
- With a trading volume of 213,256, the price of LOW is down by -0.07%, reaching $249.25.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 60 days from now.
What Analysts Are Saying About Lowe's Companies
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $284.8.
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. * An analyst from Mizuho persists with their Outperform rating on Lowe's Companies, maintaining a target price of $305. * An analyst from Wedbush downgraded its action to Neutral with a price target of $250. * An analyst from RBC Capital persists with their Sector Perform rating on Lowe's Companies, maintaining a target price of $292. * An analyst from Truist Securities persists with their Buy rating on Lowe's Companies, maintaining a target price of $307. * An analyst from Stifel persists with their Hold rating on Lowe's Companies, maintaining a target price of $270.
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 Lowe's Companies with Benzinga Pro for real-time alerts.
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