Investors with a lot of money to spend have taken a bearish stance on Symbotic SYM.
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 SYM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Symbotic.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $30,800, and 9, calls, for a total amount of $382,572.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $32.5 for Symbotic during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Symbotic stands at 912.88, with a total volume reaching 2,364.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Symbotic, situated within the strike price corridor from $20.0 to $32.5, throughout the last 30 days.
Symbotic Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SYM | CALL | SWEEP | BEARISH | 01/17/25 | $2.5 | $1.65 | $1.65 | $32.50 | $77.1K | 1.4K | 652 |
| SYM | CALL | TRADE | BEARISH | 05/16/25 | $8.7 | $5.4 | $5.4 | $30.00 | $48.6K | 818 | 0 |
| SYM | CALL | SWEEP | BULLISH | 01/15/27 | $15.5 | $15.3 | $15.5 | $22.50 | $41.8K | 258 | 27 |
| SYM | CALL | SWEEP | BULLISH | 01/17/25 | $2.15 | $1.9 | $2.07 | $30.00 | $41.3K | 2.9K | 571 |
| SYM | CALL | SWEEP | BEARISH | 01/24/25 | $2.65 | $2.2 | $2.2 | $30.00 | $38.5K | 1.1K | 289 |
About Symbotic
Symbotic Inc is an automation technology company that develops technologies to improve operating efficiencies in modern warehouses. The group develops, commercializes, and deploys end-to-end technology solutions that dramatically improve supply chain operations. Th company also automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The company operates in two geographical regions the United States and Canada. Key revenue is generated from the United States.
Having examined the options trading patterns of Symbotic, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Symbotic
- Currently trading with a volume of 10,438,753, the SYM's price is up by 20.58%, now at $32.28.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 18 days.
Expert Opinions on Symbotic
4 market experts have recently issued ratings for this stock, with a consensus target price of $34.75.
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 DA Davidson upgraded its action to Buy with a price target of $35. * An analyst from UBS persists with their Neutral rating on Symbotic, maintaining a target price of $32. * In a cautious move, an analyst from Citigroup downgraded its rating to Buy, setting a price target of $37. * In a cautious move, an analyst from Oppenheimer downgraded its rating to Outperform, setting a price target of $35.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Symbotic, Benzinga Pro gives you real-time options trades alerts.
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