Smart Money Is Betting Big In DXCM Options

Comments
Loading...

Financial giants have made a conspicuous bearish move on DexCom. Our analysis of options history for DexCom DXCM revealed 8 unusual trades.

Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $120,660, and 5 were calls, valued at $426,440.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $75.0 and $100.0 for DexCom, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of DexCom stands at 701.83, with a total volume reaching 1,211.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in DexCom, situated within the strike price corridor from $75.0 to $100.0, throughout the last 30 days.

DexCom Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
DXCM CALL SWEEP BULLISH 03/21/25 $6.6 $6.5 $6.5 $80.00 $135.2K 2.5K 234
DXCM CALL SWEEP BULLISH 03/21/25 $6.7 $6.6 $6.6 $80.00 $130.0K 2.5K 316
DXCM PUT SWEEP BEARISH 01/17/25 $2.95 $2.75 $2.95 $76.00 $59.0K 98 202
DXCM CALL SWEEP BEARISH 01/16/26 $15.5 $15.2 $15.2 $80.00 $56.2K 790 40
DXCM CALL SWEEP BEARISH 02/21/25 $8.3 $8.1 $8.1 $75.00 $54.2K 38 67

About DexCom

Dexcom designs and commercializes continuous glucose monitoring systems for diabetic patients. CGM systems serve as an alternative to the traditional blood glucose meter process, and the company is evolving its CGM systems to provide integration with insulin pumps from Insulet and Tandem for automatic insulin delivery.

In light of the recent options history for DexCom, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of DexCom

  • Currently trading with a volume of 518,458, the DXCM's price is down by -3.01%, now at $77.82.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 38 days.

What The Experts Say On DexCom

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $94.66666666666667.

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 Citigroup has decided to maintain their Buy rating on DexCom, which currently sits at a price target of $91. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on DexCom with a target price of $94. * Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on DexCom with a target price of $99.

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

Overview Rating:
Speculative
37.5%
Technicals Analysis
66
0100
Financials Analysis
20
0100
Overview
Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!