Financial giants have made a conspicuous bullish move on Analog Devices. Our analysis of options history for Analog Devices ADI revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $398,744, and 2 were calls, valued at $83,200.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $160.0 and $210.0 for Analog Devices, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Analog Devices options trades today is 406.43 with a total volume of 317.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Analog Devices's big money trades within a strike price range of $160.0 to $210.0 over the last 30 days.
Analog Devices 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ADI | PUT | SWEEP | BULLISH | 12/15/23 | $210.00 | $79.3K | 71 | 0 |
| ADI | PUT | SWEEP | BULLISH | 12/15/23 | $210.00 | $73.2K | 71 | 50 |
| ADI | CALL | SWEEP | BULLISH | 12/15/23 | $180.00 | $55.0K | 966 | 14 |
| ADI | PUT | SWEEP | BULLISH | 12/15/23 | $210.00 | $45.7K | 71 | 50 |
| ADI | PUT | TRADE | BEARISH | 01/17/25 | $170.00 | $39.4K | 204 | 0 |
About Analog Devices
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.
In light of the recent options history for Analog Devices, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Analog Devices
- Currently trading with a volume of 1,183,417, the ADI's price is down by -0.85%, now at $179.25.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 5 days.
What The Experts Say On Analog Devices
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $200.0.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Analog Devices with a target price of $200.
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 Analog Devices options trades with real-time alerts from Benzinga Pro.
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