Someone with a lot of money to spend has taken a bullish 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.
Today, Benzinga's options scanner spotted 11 options trades for JD.com.
This isn't normal.
The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.
Out of all of the options we uncovered, 10 are puts, for a total amount of $754,115, and there was 1 call, for a total amount of $53,280.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $40.0 for JD.com, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in JD.com's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to JD.com's substantial trades, within a strike price spectrum from $25.0 to $40.0 over the preceding 30 days.
JD.com Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JD | PUT | SWEEP | BULLISH | 01/19/24 | $35.00 | $107.2K | 20.4K | 411 |
| JD | PUT | TRADE | BULLISH | 01/19/24 | $35.00 | $106.3K | 20.4K | 492 |
| JD | PUT | TRADE | BULLISH | 01/19/24 | $35.00 | $105.5K | 20.4K | 138 |
| JD | PUT | TRADE | BULLISH | 01/19/24 | $35.00 | $86.5K | 20.4K | 703 |
| JD | PUT | TRADE | NEUTRAL | 01/19/24 | $35.00 | $78.7K | 20.4K | 0 |
Current Position of JD.com
- With a volume of 2,631,258, the price of JD is down -0.97% at $26.56.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 7 days.
Expert Opinions on JD.com:
- Maintaining their stance, Barclays continues to hold a Overweight rating for JD.com, targeting a price of $45.
- Bernstein has revised its rating downward to Market Perform, adjusting the price target to $31.
- UBS has elevated its stance to Buy, setting a new price target at $39.
- Goldman Sachs has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $53.
- In a cautious move, Morgan Stanley downgraded its rating to Equal-Weight, setting a price target of $33.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest JD.com options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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