Someone with a lot of money to spend has taken a bearish stance on JD.com JD.
And retail traders should know.
We noticed this today when the big position 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 JD, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 28 uncommon options trades for JD.com.
This isn't normal.
The overall sentiment of these big-money traders is split between 32% bullish and 67%, bearish.
Out of all of the special options we uncovered, 16 are puts, for a total amount of $1,443,533, and 12 are calls, for a total amount of $530,812.
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 $32.0 to $55.0 for JD.com over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for JD.com options trades today is 6861.06 with a total volume of 39,231.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for JD.com's big money trades within a strike price range of $32.0 to $55.0 over the last 30 days.
JD.com 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 |
|---|---|---|---|---|---|---|---|---|
| JD | PUT | TRADE | BULLISH | 09/15/23 | $35.00 | $340.0K | 9.4K | 1.0K |
| JD | PUT | SWEEP | BULLISH | 05/19/23 | $37.50 | $246.7K | 6.7K | 2.5K |
| JD | PUT | SWEEP | BULLISH | 05/19/23 | $37.50 | $235.6K | 6.7K | 766 |
| JD | PUT | SWEEP | BEARISH | 05/19/23 | $37.50 | $145.5K | 6.7K | 3.7K |
| JD | CALL | SWEEP | NEUTRAL | 01/19/24 | $55.00 | $123.5K | 7.8K | 966 |
Where Is JD.com Standing Right Now?
- With a volume of 4,731,132, the price of JD is up 0.53% at $36.07.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 3 days.
What The Experts Say On JD.com:
- Citigroup has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $68.
- Barclays has decided to maintain their Overweight rating on JD.com, which currently sits at a price target of $52.
- UBS downgraded its action to Neutral with a price target of $43
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 JD.com, 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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