Benzinga's options scanner just detected over 11 options trades for Peloton Interactive PTON summing a total amount of $591,971.
At the same time, our algo caught 3 for a total amount of 116,493.
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 $11.0 to $32.0 for Peloton Interactive over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Peloton Interactive options trades today is 1901.57 with a total volume of 6,601.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Peloton Interactive's big money trades within a strike price range of $11.0 to $32.0 over the last 30 days.
Peloton Interactive 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 |
|---|---|---|---|---|---|---|---|---|
| PTON | CALL | SWEEP | BULLISH | 07/21/23 | $15.00 | $176.9K | 1.4K | 2.1K |
| PTON | CALL | TRADE | BULLISH | 02/17/23 | $12.00 | $114.9K | 1.0K | 1.1K |
| PTON | CALL | SWEEP | BULLISH | 07/21/23 | $15.00 | $70.8K | 1.4K | 1.1K |
| PTON | PUT | TRADE | BULLISH | 01/19/24 | $32.00 | $59.9K | 0 | 29 |
| PTON | CALL | SWEEP | BULLISH | 07/21/23 | $15.00 | $56.5K | 1.4K | 30 |
Where Is Peloton Interactive Standing Right Now?
- With a volume of 3,791,327, the price of PTON is up 2.12% at $11.34.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 25 days.
What The Experts Say On Peloton Interactive:
- Morgan Stanley has decided to maintain their Equal-Weight rating on Peloton Interactive, which currently sits at a price target of $4.
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 Peloton Interactive, Benzinga Pro gives you real-time options trades alerts.
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