Financial giants have made a conspicuous bearish move on AutoZone. Our analysis of options history for AutoZone AZO revealed 17 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $54,650, and 15 were calls, valued at $1,713,708.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $900.0 to $2950.0 for AutoZone over the recent three months.
Insights into Volume & Open Interest
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 AutoZone'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 AutoZone's whale activity within a strike price range from $900.0 to $2950.0 in the last 30 days.
AutoZone Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AZO | CALL | TRADE | BULLISH | 01/19/24 | $900.00 | $355.6K | 22 | 8 |
| AZO | CALL | TRADE | NEUTRAL | 01/19/24 | $900.00 | $177.8K | 22 | 2 |
| AZO | CALL | TRADE | NEUTRAL | 01/19/24 | $900.00 | $177.8K | 22 | 5 |
| AZO | CALL | TRADE | NEUTRAL | 01/19/24 | $900.00 | $177.8K | 22 | 4 |
| AZO | CALL | TRADE | NEUTRAL | 01/19/24 | $900.00 | $177.8K | 22 | 3 |
About AutoZone
AutoZone Inc is the seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 6,943 stores in the U.S. (6,168), Mexico (703), and Brazil (72) as of the end of fiscal 2022.
After a thorough review of the options trading surrounding AutoZone, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
AutoZone's Current Market Status
- With a trading volume of 64,889, the price of AZO is down by 0.0%, reaching $2652.85.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 26 days from now.
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 AutoZone options trades with real-time alerts from Benzinga Pro.
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