Deep-pocketed investors have adopted a bearish approach towards Costco Wholesale COST, 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 COST usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Costco Wholesale. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 41% bearish. Among these notable options, 10 are puts, totaling $1,051,056, and 2 are calls, amounting to $143,200.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $900.0 and $1080.0 for Costco Wholesale, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Costco Wholesale's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Costco Wholesale's substantial trades, within a strike price spectrum from $900.0 to $1080.0 over the preceding 30 days.
Costco Wholesale Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | PUT | TRADE | BEARISH | 04/17/25 | $23.0 | $21.35 | $23.0 | $930.00 | $230.0K | 381 | 262 |
| COST | PUT | SWEEP | BULLISH | 04/17/25 | $22.4 | $21.75 | $21.75 | $930.00 | $200.1K | 381 | 104 |
| COST | PUT | SWEEP | BEARISH | 04/17/25 | $58.0 | $53.75 | $58.0 | $1000.00 | $197.2K | 529 | 34 |
| COST | PUT | SWEEP | NEUTRAL | 04/17/25 | $13.1 | $11.2 | $12.1 | $900.00 | $121.0K | 832 | 5 |
| COST | PUT | SWEEP | BEARISH | 03/14/25 | $127.15 | $120.65 | $125.65 | $1080.00 | $87.9K | 1 | 9 |
About Costco Wholesale
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 280 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.
Following our analysis of the options activities associated with Costco Wholesale, we pivot to a closer look at the company's own performance.
Where Is Costco Wholesale Standing Right Now?
- Currently trading with a volume of 92,707, the COST's price is down by -1.09%, now at $953.8.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 80 days.
Professional Analyst Ratings for Costco Wholesale
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $1082.0.
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. * Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Costco Wholesale with a target price of $1070. * An analyst from Telsey Advisory Group persists with their Outperform rating on Costco Wholesale, maintaining a target price of $1100. * Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on Costco Wholesale with a target price of $1135. * An analyst from Barclays persists with their Equal-Weight rating on Costco Wholesale, maintaining a target price of $980. * An analyst from Baird persists with their Outperform rating on Costco Wholesale, maintaining a target price of $1125.
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 Costco Wholesale, Benzinga Pro gives you real-time options trades alerts.
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