Benzinga's options scanner just detected over 14 options trades for DexCom DXCM summing a total amount of $530,082.
At the same time, our algo caught 12 for a total amount of 533,882.
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 $100.0 to $160.0 for DexCom 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 DexCom'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 DexCom's whale activity within a strike price range from $100.0 to $160.0 in the last 30 days.
DexCom 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 |
|---|---|---|---|---|---|---|---|---|
| DXCM | CALL | TRADE | BEARISH | 09/15/23 | $135.00 | $500.2K | 429 | 696 |
| DXCM | PUT | SWEEP | BULLISH | 12/15/23 | $105.00 | $136.4K | 108 | 566 |
| DXCM | PUT | SWEEP | BULLISH | 12/15/23 | $100.00 | $55.0K | 357 | 295 |
| DXCM | PUT | TRADE | BULLISH | 01/17/25 | $160.00 | $52.5K | 0 | 1 |
| DXCM | PUT | SWEEP | BEARISH | 01/17/25 | $110.00 | $37.8K | 778 | 0 |
Where Is DexCom Standing Right Now?
- With a volume of 1,284,261, the price of DXCM is down -3.02% at $133.76.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 8 days.
What The Experts Say On DexCom:
- BTIG has decided to maintain their Buy rating on DexCom, which currently sits at a price target of $150.
- Citigroup has decided to maintain their Buy rating on DexCom, which currently sits at a price target of $150.
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 DexCom, Benzinga Pro gives you real-time options trades alerts.
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