Financial giants have made a conspicuous bullish move on DoorDash. Our analysis of options history for DoorDash DASH revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $223,902, and 4 were calls, valued at $154,527.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $130.0 for DoorDash over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for DoorDash options trades today is 1084.83 with a total volume of 2,335.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DoorDash's big money trades within a strike price range of $90.0 to $130.0 over the last 30 days.
DoorDash Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DASH | PUT | TRADE | BULLISH | 01/12/24 | $99.00 | $62.9K | 824 | 2 |
| DASH | PUT | SWEEP | BEARISH | 01/12/24 | $95.00 | $56.6K | 3.2K | 0 |
| DASH | CALL | TRADE | BEARISH | 06/21/24 | $110.00 | $45.5K | 601 | 100 |
| DASH | CALL | TRADE | BULLISH | 06/21/24 | $110.00 | $45.2K | 601 | 50 |
| DASH | PUT | SWEEP | BEARISH | 01/12/24 | $95.00 | $37.5K | 3.2K | 1.6K |
About DoorDash
Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the U.S. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDashprovides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers. In 2022, the firm generated $53.4 billion in gross order volume (up 27% year over year) and $6.6 billion in revenue (up 35%).
Current Position of DoorDash
- Trading volume stands at 1,874,480, with DASH's price down by -1.05%, positioned at $97.49.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 37 days.
Professional Analyst Ratings for DoorDash
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $125.0.
- In a positive move, an analyst from Jefferies has upgraded their rating to Buy and adjusted the price target to $130.
- An analyst from BMO Capital downgraded its action to Outperform with a price target of $120.
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 DoorDash options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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