A whale with a lot of money to spend has taken a noticeably bearish stance on Ross Stores.
Looking at options history for Ross Stores ROST we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 21% of the investors opened trades with bullish expectations and 78% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $54,675 and 12, calls, for a total amount of $657,685.
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 $92.0 to $111.0 for Ross Stores 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 Ross Stores'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 Ross Stores's whale activity within a strike price range from $92.0 to $111.0 in the last 30 days.
Ross Stores 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 |
|---|---|---|---|---|---|---|---|---|
| ROST | CALL | TRADE | BEARISH | 12/16/22 | $110.00 | $97.2K | 326 | 154 |
| ROST | CALL | SWEEP | BULLISH | 02/17/23 | $110.00 | $89.7K | 259 | 90 |
| ROST | CALL | SWEEP | BEARISH | 12/16/22 | $110.00 | $73.5K | 326 | 316 |
| ROST | CALL | TRADE | BEARISH | 01/20/23 | $110.00 | $66.0K | 1.3K | 65 |
| ROST | CALL | TRADE | BEARISH | 02/17/23 | $110.00 | $57.6K | 259 | 150 |
Where Is Ross Stores Standing Right Now?
- With a volume of 5,458,410, the price of ROST is up 12.72% at $110.39.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 102 days.
What The Experts Say On Ross Stores:
- Citigroup has decided to maintain their Buy rating on Ross Stores, which currently sits at a price target of $116.
- Morgan Stanley downgraded its action to Overweight with a price target of $127
- UBS has decided to maintain their Neutral rating on Ross Stores, which currently sits at a price target of $108.
- Credit Suisse has decided to maintain their Outperform rating on Ross Stores, which currently sits at a price target of $123.
- Deutsche Bank has decided to maintain their Buy rating on Ross Stores, which currently sits at a price target of $121.
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 Ross Stores, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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