Decoding Autodesk's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bearish approach towards Autodesk ADSK, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ADSK usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Autodesk. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 6 are puts, totaling $176,970, and 6 are calls, amounting to $521,273.

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 $100.0 and $280.0 for Autodesk, spanning the last three months.

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 $100.0 to $280.0 in the last 30 days.

Autodesk Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

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.

Autodesk's Current Market Status

• With a volume of 1,587,693, the price of ADSK is up 0.04% at $235.01.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 70 days.

What Analysts Are Saying About Autodesk

In the last month, 5 experts released ratings on this stock with an average target price of $239.6.

• An analyst from Rosenblatt has revised its rating downward to Buy, adjusting the price target to $253.
• An analyst from Piper Sandler downgraded its action to Neutral with a price target of $215.
• Reflecting concerns, an analyst from Stifel lowers its rating to Buy with a new price target of $245.
• Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Autodesk with a target price of $250.
• Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Autodesk with a target price of $235.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Autodesk, Benzinga Pro gives you real-time options trades alerts.