Financial giants have made a conspicuous bullish move on O'Reilly Automotive. Our analysis of options history for O'Reilly Automotive ORLY revealed 10 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $448,588, and 5 were calls, valued at $202,884.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $480.0 to $1000.0 for O'Reilly Automotive during the past quarter.
Volume & Open Interest Development
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 O'Reilly Automotive'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 O'Reilly Automotive's whale trades within a strike price range from $480.0 to $1000.0 in the last 30 days.
O'Reilly Automotive 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ORLY | PUT | SWEEP | BULLISH | 02/16/24 | $980.00 | $173.8K | 68 | 79 |
| ORLY | PUT | SWEEP | BULLISH | 05/17/24 | $900.00 | $157.5K | 15 | 89 |
| ORLY | CALL | SWEEP | BULLISH | 01/19/24 | $950.00 | $58.3K | 216 | 16 |
| ORLY | PUT | TRADE | BEARISH | 11/15/24 | $900.00 | $52.9K | 9 | 16 |
| ORLY | CALL | TRADE | BULLISH | 11/15/24 | $480.00 | $51.6K | 1 | 1 |
About O'Reilly Automotive
O'Reilly Automotive is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (44% and 56% of 2022 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,971 stores as of the end of 2022, spread across 47 U.S. states and including 42 stores in Mexico. The firm serves professional and DIY customers through its stores and also employs approximately 725 sales personnel targeting commercial buyers.
Present Market Standing of O'Reilly Automotive
- Trading volume stands at 282,866, with ORLY's price up by 4.26%, positioned at $993.62.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 22 days.
What Analysts Are Saying About O'Reilly Automotive
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $1023.0.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on O'Reilly Automotive with a target price of $986.
- An analyst from Stephens & Co. has revised its rating downward to Overweight, adjusting the price target to $1060.
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 O'Reilly Automotive, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
