Financial giants have made a conspicuous bearish move on W.W. Grainger. Our analysis of options history for W.W. Grainger GWW revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $99,962, and 7 were calls, valued at $469,094.
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 $700.0 to $960.0 for W.W. Grainger over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in W.W. Grainger's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to W.W. Grainger's substantial trades, within a strike price spectrum from $700.0 to $960.0 over the preceding 30 days.
W.W. Grainger Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GWW | CALL | TRADE | BEARISH | 04/19/24 | $800.00 | $136.0K | 124 | 89 |
| GWW | CALL | TRADE | BULLISH | 05/17/24 | $960.00 | $91.9K | 33 | 0 |
| GWW | CALL | TRADE | NEUTRAL | 12/15/23 | $720.00 | $64.5K | 287 | 13 |
| GWW | CALL | SWEEP | BULLISH | 01/19/24 | $800.00 | $54.0K | 52 | 35 |
| GWW | CALL | SWEEP | BULLISH | 04/19/24 | $800.00 | $48.3K | 124 | 60 |
About W.W. Grainger
W.W. Grainger distributes approximately 1.5 million maintenance, repair, and operating products that are sourced from over 4,500 suppliers. The company serves about 5 million customers through its online and electronic purchasing platforms, vending machines, catalog distribution, and network of over 300 global branches. In recent years, Grainger has invested in its e-commerce capabilities and is the 11th-largest e-retailer in North America.
After a thorough review of the options trading surrounding W.W. Grainger, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
W.W. Grainger's Current Market Status
- With a volume of 202,302, the price of GWW is down 0.0% at $781.02.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 84 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for W.W. Grainger with Benzinga Pro for real-time alerts.
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