Whales with a lot of money to spend have taken a noticeably bullish stance on Autodesk.
Looking at options history for Autodesk ADSK we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $907,298 and 2, calls, for a total amount of $261,500.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $180.0 to $280.0 for Autodesk during the past quarter.
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 Autodesk'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 Autodesk's whale trades within a strike price range from $180.0 to $280.0 in the last 30 days.
Autodesk 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 |
|---|---|---|---|---|---|---|---|---|
| ADSK | PUT | SWEEP | BEARISH | 01/17/25 | $230.00 | $550.8K | 351 | 231 |
| ADSK | CALL | SWEEP | BULLISH | 01/17/25 | $280.00 | $234.0K | 57 | 200 |
| ADSK | PUT | SWEEP | BEARISH | 01/17/25 | $220.00 | $77.7K | 106 | 70 |
| ADSK | PUT | SWEEP | BEARISH | 01/17/25 | $220.00 | $76.8K | 106 | 0 |
| ADSK | PUT | SWEEP | BULLISH | 01/17/25 | $195.00 | $49.8K | 70 | 31 |
About Autodesk
Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.
After a thorough review of the options trading surrounding Autodesk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Autodesk
- Currently trading with a volume of 1,268,668, the ADSK's price is up by 1.01%, now at $216.0.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 84 days.
Expert Opinions on Autodesk
5 market experts have recently issued ratings for this stock, with a consensus target price of $234.6.
- An analyst from Keybanc has decided to maintain their Overweight rating on Autodesk, which currently sits at a price target of $245.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Autodesk, targeting a price of $240.
- An analyst from Mizuho has decided to maintain their Neutral rating on Autodesk, which currently sits at a price target of $200.
- In a cautious move, an analyst from Rosenblatt downgraded its rating to Buy, setting a price target of $253.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Autodesk with a target price of $235.
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 Autodesk with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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