Whales with a lot of money to spend have taken a noticeably bullish stance on DexCom.
Looking at options history for DexCom DXCM we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $110,138 and 10, calls, for a total amount of $502,494.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $155.0 for DexCom over the recent three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of DexCom stands at 283.1, with a total volume reaching 649.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in DexCom, situated within the strike price corridor from $80.0 to $155.0, throughout the last 30 days.
DexCom Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DXCM | PUT | SWEEP | BULLISH | 03/15/24 | $140.00 | $71.5K | 4 | 48 |
| DXCM | CALL | SWEEP | BULLISH | 01/17/25 | $145.00 | $65.1K | 1.1K | 25 |
| DXCM | CALL | TRADE | BULLISH | 01/19/24 | $80.00 | $63.1K | 261 | 0 |
| DXCM | CALL | SWEEP | BEARISH | 01/16/26 | $80.00 | $62.2K | 17 | 10 |
| DXCM | CALL | SWEEP | BULLISH | 05/17/24 | $155.00 | $61.4K | 237 | 120 |
About DexCom
Dexcom designs and commercializes continuous glucose monitoring systems for diabetic patients. CGM systems serve as an alternative to the traditional blood glucose meter process, and the company is evolving its CGM systems to provide integration with insulin pumps from Insulet and Tandem for automatic insulin delivery.
Where Is DexCom Standing Right Now?
- With a trading volume of 1,561,828, the price of DXCM is up by 1.63%, reaching $126.0.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 31 days from now.
Expert Opinions on DexCom
3 market experts have recently issued ratings for this stock, with a consensus target price of $144.33333333333334.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on DexCom, which currently sits at a price target of $136.
- Consistent in their evaluation, an analyst from Raymond James keeps a Strong Buy rating on DexCom with a target price of $147.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on DexCom with a target price of $150.
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 DexCom with Benzinga Pro for real-time alerts.
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