Someone with a lot of money to spend has taken a bearish stance on DoorDash DASH.
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 DASH, 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 10 uncommon options trades for DoorDash.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $57,762, and 8 are calls, for a total amount of $243,697.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $95.0 for DoorDash over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for DoorDash'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 DoorDash's whale trades within a strike price range from $60.0 to $95.0 in the last 30 days.
DoorDash 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 |
|---|---|---|---|---|---|---|---|---|
| DASH | CALL | SWEEP | BULLISH | 02/16/24 | $90.00 | $42.7K | 671 | 119 |
| DASH | CALL | TRADE | NEUTRAL | 06/21/24 | $95.00 | $35.5K | 291 | 0 |
| DASH | CALL | SWEEP | NEUTRAL | 06/21/24 | $95.00 | $32.4K | 291 | 50 |
| DASH | CALL | SWEEP | NEUTRAL | 11/10/23 | $67.00 | $31.2K | 20 | 14 |
| DASH | PUT | SWEEP | BULLISH | 01/19/24 | $85.00 | $30.6K | 741 | 2 |
DoorDash's Current Market Status
- Currently trading with a volume of 1,937,283, the DASH's price has down by -0.83%, now at $88.17. RSI readings suggest the stock is currently may be approaching overbought. Anticipated earnings release is in 99 days.
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 DoorDash options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
