A whale with a lot of money to spend has taken a noticeably bullish stance on Stitch Fix.
Looking at options history for Stitch Fix SFIX we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50.0% of the investors opened trades with bullish expectations and 50.0% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $285,957.00 and 3, calls, for a total amount of $127,815.00.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $18.5 to $65.0 for Stitch Fix over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Stitch Fix'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 Stitch Fix's whale activity within a strike price range from $18.5 to $65.0 in the last 30 days.
Stitch Fix Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SFIX | CALL | TRADE | BULLISH | 01/19/24 | $60.00 | $58.9K | 9.3K | 707 |
| SFIX | PUT | SWEEP | BEARISH | 03/18/22 | $25.00 | $54.7K | 883 | 191 |
| SFIX | PUT | TRADE | BULLISH | 01/20/23 | $65.00 | $46.6K | 62 | 10 |
| SFIX | PUT | TRADE | BULLISH | 12/10/21 | $50.00 | $46.6K | 80 | 15 |
| SFIX | PUT | SWEEP | NEUTRAL | 12/10/21 | $22.50 | $43.4K | 1.0K | 126 |
Where Is Stitch Fix Standing Right Now?
- With a volume of 22,956,208.00, the price of SFIX is down -22.15% at $19.44.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 89 days.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
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