A whale with a lot of money to spend has taken a noticeably bearish stance on Etsy.
Looking at options history for Etsy ETSY we detected 19 strange trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $916,136 and 3, calls, for a total amount of $78,910.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $135.0 for Etsy over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Etsy options trades today is 2414.86 with a total volume of 10,873.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Etsy's big money trades within a strike price range of $50.0 to $135.0 over the last 30 days.
Etsy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ETSY | PUT | SWEEP | BULLISH | 06/17/22 | $77.00 | $159.7K | 528 | 1.6K |
| ETSY | PUT | TRADE | BULLISH | 07/15/22 | $65.00 | $141.5K | 1.9K | 541 |
| ETSY | PUT | SWEEP | BEARISH | 06/17/22 | $75.00 | $98.8K | 754 | 1.2K |
| ETSY | PUT | SWEEP | NEUTRAL | 06/17/22 | $75.00 | $60.6K | 754 | 25 |
| ETSY | PUT | TRADE | BEARISH | 06/17/22 | $135.00 | $58.5K | 78 | 11 |
Where Is Etsy Standing Right Now?
- With a volume of 2,355,817, the price of ETSY is down -9.16% at $75.46.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 54 days.
What The Experts Say On Etsy:
- JMP Securities downgraded its action to Market Outperform with a price target of $125
- UBS has decided to maintain their Neutral rating on Etsy, which currently sits at a price target of $90.
- Bernstein downgraded its action to Outperform with a price target of $105
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 Etsy, Benzinga Pro gives you real-time options trades alerts.
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