Whales with a lot of money to spend have taken a noticeably bearish stance on Root.
Looking at options history for Root ROOT we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $172,500 and 5, calls, for a total amount of $205,315.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $90.0 for Root, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Root options trades today is 87.5 with a total volume of 1,234.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Root's big money trades within a strike price range of $40.0 to $90.0 over the last 30 days.
Root Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROOT | PUT | SWEEP | BULLISH | 03/21/25 | $26.4 | $24.3 | $24.3 | $90.00 | $121.5K | 144 | 50 |
| ROOT | CALL | SWEEP | BULLISH | 02/21/25 | $7.9 | $7.0 | $7.0 | $80.00 | $70.8K | 41 | 212 |
| ROOT | CALL | SWEEP | BEARISH | 02/21/25 | $7.3 | $7.2 | $7.3 | $80.00 | $37.0K | 41 | 62 |
| ROOT | CALL | SWEEP | BEARISH | 02/21/25 | $7.4 | $7.0 | $7.0 | $80.00 | $35.7K | 41 | 276 |
| ROOT | CALL | SWEEP | BEARISH | 02/21/25 | $8.1 | $7.0 | $7.0 | $80.00 | $35.0K | 41 | 112 |
About Root
Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. The company is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. It generates revenue from the sale of auto insurance policies within the United States.
After a thorough review of the options trading surrounding Root, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Root's Current Market Status
- Currently trading with a volume of 194,659, the ROOT's price is down by -4.02%, now at $74.31.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 40 days.
Unusual Options Activity Detected: Smart Money on the Move
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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 Root options trades with real-time alerts from Benzinga Pro.
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