Investors with significant funds have taken a bullish position in Opendoor Technologies OPEN, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in OPEN usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 8 options transactions for Opendoor Technologies. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 87% being bullish and 12% bearish. Of all the options we discovered, 7 are puts, valued at $266,639, and there was a single call, worth $30,000.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $3.0 to $7.0 for Opendoor Technologies during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Opendoor Technologies'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 Opendoor Technologies's whale activity within a strike price range from $3.0 to $7.0 in the last 30 days.
Opendoor Technologies Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| OPEN | PUT | SWEEP | BEARISH | 02/16/24 | $3.00 | $76.2K | 734 | 3.0K |
| OPEN | PUT | SWEEP | BULLISH | 01/19/24 | $3.50 | $40.2K | 18.4K | 14.0K |
| OPEN | PUT | SWEEP | BULLISH | 01/19/24 | $3.50 | $34.2K | 18.4K | 8.1K |
| OPEN | PUT | SWEEP | BULLISH | 01/19/24 | $3.50 | $33.2K | 18.4K | 19.2K |
| OPEN | CALL | TRADE | BULLISH | 01/16/26 | $7.00 | $30.0K | 573 | 270 |
About Opendoor Technologies
Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online. It generates revenue through home sales, along with other revenue from real estate services.
Present Market Standing of Opendoor Technologies
- With a volume of 17,183,484, the price of OPEN is down -2.72% at $3.58.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 35 days.
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 Opendoor Technologies with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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