Market Whales and Their Recent Bets on TDOC Options

Investors with a lot of money to spend have taken a bullish stance on Teladoc Health TDOC.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TDOC, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for Teladoc Health.

This isn't normal.

The overall sentiment of these big-money traders is split between 71% bullish and 28%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $85,295, and 12 are calls, for a total amount of $588,866.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $25.0 for Teladoc Health during the past quarter.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Teladoc Health's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Teladoc Health's significant trades, within a strike price range of $15.0 to $25.0, over the past month.

Teladoc Health Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Teladoc Health

Teladoc Health is a virtual health provider with a telehealth platform delivering 24-hour, on-demand healthcare via mobile devices, the internet, video, and phone. It also offers remote patient monitoring programs for chronic care management. Its platform connects members with a network of physicians and behavioral health professionals. Most of the company's revenue is generated from access fees on a subscription basis (per member, per month). The balance comes from visit fees and equipment rental and sales to hospital systems. Since inception, Teladoc has primarily partnered with employers, health plans, and health systems to offer network access to their members; it has also started to market directly to consumers while expanding its service portfolio.

Where Is Teladoc Health Standing Right Now?

• Trading volume stands at 3,467,285, with TDOC's price up by 0.06%, positioned at $18.15.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 82 days.

What The Experts Say On Teladoc Health

1 market experts have recently issued ratings for this stock, with a consensus target price of $19.0.

• An analyst from JP Morgan has decided to maintain their Neutral rating on Teladoc Health, which currently sits at a price target of $19.

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 Teladoc Health with Benzinga Pro for real-time alerts.