Investors with a lot of money to spend have taken a bullish stance on Advance Auto Parts AAP.
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 AAP, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Advance Auto Parts.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 22%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $34,981, and 8, calls, for a total amount of $392,556.
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 $40.0 to $49.5 for Advance Auto Parts over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Advance Auto Parts's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Advance Auto Parts's significant trades, within a strike price range of $40.0 to $49.5, over the past month.
Advance Auto Parts 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AAP | CALL | TRADE | BEARISH | 01/16/26 | $16.3 | $16.0 | $16.0 | $40.00 | $160.0K | 4.2K | 120 |
| AAP | CALL | SWEEP | BULLISH | 01/16/26 | $16.75 | $15.4 | $16.75 | $40.00 | $46.9K | 4.2K | 177 |
| AAP | CALL | SWEEP | BEARISH | 01/10/25 | $1.02 | $1.01 | $1.01 | $48.00 | $44.1K | 611 | 871 |
| AAP | PUT | SWEEP | BULLISH | 02/21/25 | $2.41 | $2.18 | $2.21 | $45.00 | $34.9K | 1.0K | 327 |
| AAP | CALL | TRADE | BULLISH | 01/16/26 | $15.85 | $13.0 | $15.38 | $40.00 | $30.7K | 4.2K | 0 |
About Advance Auto Parts
Advance Auto Parts is a leading auto parts retailer in North America with more than 4,000 store and branch locations. About 55% of the firm's sales are geared toward the professional channel, with the remaining 45% going to the do-it-yourself market. Through its vast store footprint and distribution network, Advance manages thousands of stock-keeping units conducive to various vehicle makes and models. The retailer primarily competes on the basis of inventory availability and service speed, making the operating efficiency of its hub and spoke distribution model critical to meeting customer needs.
Following our analysis of the options activities associated with Advance Auto Parts, we pivot to a closer look at the company's own performance.
Where Is Advance Auto Parts Standing Right Now?
- With a volume of 1,534,041, the price of AAP is up 2.71% at $47.59.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 51 days.
Expert Opinions on Advance Auto Parts
2 market experts have recently issued ratings for this stock, with a consensus target price of $45.0.
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 Wells Fargo persists with their Equal-Weight rating on Advance Auto Parts, maintaining a target price of $45. * Reflecting concerns, an analyst from BMO Capital lowers its rating to Market Perform with a new price target of $45.
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 Advance Auto Parts with Benzinga Pro for real-time alerts.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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