Investors with a lot of money to spend have taken a bearish stance on Polaris PII.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PII, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Polaris.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $462,535, and there was 1 call, for a total amount of $46,102.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $60.0 for Polaris during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Polaris's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Polaris's substantial trades, within a strike price spectrum from $40.0 to $60.0 over the preceding 30 days.
Polaris 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PII | PUT | TRADE | BEARISH | 02/21/25 | $1.8 | $1.65 | $1.8 | $50.00 | $180.0K | 4.1K | 1.9K |
| PII | PUT | SWEEP | BEARISH | 02/21/25 | $1.9 | $1.8 | $1.8 | $50.00 | $86.2K | 4.1K | 2.4K |
| PII | PUT | SWEEP | BEARISH | 02/21/25 | $1.95 | $1.75 | $1.9 | $50.00 | $48.6K | 4.1K | 3.0K |
| PII | CALL | TRADE | BEARISH | 01/16/26 | $6.8 | $6.2 | $6.23 | $60.00 | $46.1K | 1.0K | 74 |
| PII | PUT | SWEEP | BEARISH | 02/21/25 | $1.9 | $1.75 | $1.9 | $50.00 | $44.2K | 4.1K | 2.7K |
About Polaris
Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to another segment of the outdoor lifestyle market. Polaris products retailed through more than 2,500 dealers in North America and through 1,500 international dealers as well as more than 25 subsidiaries and 90 distributors in more than 100 countries outside North America.
Having examined the options trading patterns of Polaris, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Polaris's Current Market Status
- Trading volume stands at 820,270, with PII's price down by -1.58%, positioned at $54.17.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 6 days.
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.
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 Polaris, Benzinga Pro gives you real-time options trades alerts.
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