Spotlight on SharkNinja: Analyzing the Surge in Options Activity

High-rolling investors have positioned themselves bullish on SharkNinja SN, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SN often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 47 options trades for SharkNinja. This is not a typical pattern.

The sentiment among these major traders is split, with 95% bullish and 4% bearish. Among all the options we identified, there was one put, amounting to $32,370, and 46 calls, totaling $2,070,445.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $110.0 for SharkNinja during the past quarter.

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 SharkNinja's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across SharkNinja's significant trades, within a strike price range of $95.0 to $110.0, over the past month.

SharkNinja Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About SharkNinja

SharkNinja Inc is a product design and technology company that creates 5-star-rated lifestyle solutions through inventive products for consumers around the world. Its product categories include Cleaning, Cooking, Food Preparation, Home Environment and Beauty products. It sells vacuum cleaners, cooking pots, fryers, hair dryers, etc. The SharkNinja Group is expected to carry on the design, production, marketing and distribution of the Shark and Ninja brands of small household appliances in North America, Europe and other selected international markets (excluding the Asia Pacific Region and Greater China). Currently, the majority of the revenue is derived from the U.S. market.

Having examined the options trading patterns of SharkNinja, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of SharkNinja

• With a volume of 915,255, the price of SN is up 5.54% at $107.88.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 34 days.

Expert Opinions on SharkNinja

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $129.0.

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 Canaccord Genuity has decided to maintain their Buy rating on SharkNinja, which currently sits at a price target of $129.

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