Someone with a lot of money to spend has taken a bullish stance on Teladoc Health TDOC.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TDOC, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Teladoc Health.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,358, and 13, calls, for a total amount of $548,492..
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 $20.0 to $25.0 for Teladoc Health over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Teladoc Health options trades today is 3772.0 with a total volume of 16,037.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Teladoc Health's big money trades within a strike price range of $20.0 to $25.0 over the last 30 days.
Teladoc Health 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 |
|---|---|---|---|---|---|---|---|---|
| TDOC | CALL | TRADE | BEARISH | 04/21/23 | $25.00 | $44.1K | 77 | 998 |
| TDOC | CALL | TRADE | NEUTRAL | 04/21/23 | $25.00 | $43.2K | 77 | 812 |
| TDOC | CALL | TRADE | BEARISH | 04/21/23 | $25.00 | $43.0K | 77 | 1.2K |
| TDOC | CALL | SWEEP | BULLISH | 04/21/23 | $25.00 | $42.9K | 77 | 1.1K |
| TDOC | CALL | SWEEP | BULLISH | 04/21/23 | $25.00 | $42.5K | 77 | 1.5K |
Where Is Teladoc Health Standing Right Now?
- With a volume of 6,626,669, the price of TDOC is up 5.05% at $28.09.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 117 days.
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 Teladoc Health, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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