A whale with a lot of money to spend has taken a noticeably bullish stance on JD.com.
Looking at options history for JD.com JD we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $286,063 and 6, calls, for a total amount of $271,730.
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 $20.0 to $45.0 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 2494.67 with a total volume of 750.00.
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 $20.0 to $45.0 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 | CALL | TRADE | BEARISH | 12/15/23 | $27.50 | $109.0K | 6.2K | 12 |
| JD | PUT | SWEEP | BULLISH | 03/15/24 | $45.00 | $91.8K | 15 | 0 |
| JD | PUT | SWEEP | BULLISH | 09/20/24 | $45.00 | $76.6K | 0 | 40 |
| JD | CALL | SWEEP | BULLISH | 10/27/23 | $22.00 | $49.5K | 334 | 100 |
| JD | PUT | TRADE | BULLISH | 01/19/24 | $35.00 | $40.7K | 12.9K | 0 |
Where Is JD.com Standing Right Now?
- With a volume of 10,127,775, the price of JD is down -1.77% at $24.36.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 24 days.
What The Experts Say On JD.com:
- Benchmark has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $67.
- Citigroup has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $43.
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $33
- Bernstein downgraded its action to Market Perform with a price target of $31
- Macquarie downgraded its action to Neutral with a price target of $32
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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