Deep-pocketed investors have adopted a bearish approach towards Dave & Buster's Enter PLAY, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PLAY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Dave & Buster's Enter. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 50% bearish. Among these notable options, 6 are puts, totaling $399,280, and 2 are calls, amounting to $61,364.
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 $24.0 to $29.0 for Dave & Buster's Enter during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Dave & Buster's Enter's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Dave & Buster's Enter's whale trades within a strike price range from $24.0 to $29.0 in the last 30 days.
Dave & Buster's Enter Option Activity Analysis: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLAY | PUT | SWEEP | BEARISH | 01/17/25 | $6.5 | $3.7 | $5.62 | $29.00 | $113.2K | 1.9K | 1.0K |
| PLAY | PUT | TRADE | BEARISH | 02/21/25 | $1.5 | $1.45 | $1.5 | $24.00 | $60.0K | 739 | 400 |
| PLAY | PUT | TRADE | BEARISH | 01/17/25 | $6.1 | $4.9 | $5.68 | $29.00 | $56.8K | 1.9K | 200 |
| PLAY | PUT | TRADE | BEARISH | 01/17/25 | $6.0 | $5.0 | $5.65 | $29.00 | $56.5K | 1.9K | 400 |
| PLAY | PUT | TRADE | NEUTRAL | 01/17/25 | $6.3 | $4.7 | $5.65 | $29.00 | $56.5K | 1.9K | 100 |
About Dave & Buster's Enter
Dave & Buster's Entertainment Inc owns and operates nearly a hundred entertainment and dining establishments in the United States where customers can eat, drink, play games, and watch televised sports. Each store offers a full menu of entries and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. It derives maximum revenue from Entertainment.
In light of the recent options history for Dave & Buster's Enter, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Dave & Buster's Enter
- With a trading volume of 1,885,560, the price of PLAY is up by 0.28%, reaching $25.14.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 75 days from now.
Expert Opinions on Dave & Buster's Enter
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $27.0.
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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 Dave & Buster's Enter with Benzinga Pro for real-time alerts.
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