A whale with a lot of money to spend has taken a noticeably bearish stance on JD.com.
Looking at options history for JD.com JD we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $306,557 and 13, calls, for a total amount of $1,170,782.
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 $35.0 to $80.0 for JD.com over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for JD.com options trades today is 1968.15 with a total volume of 3,527.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for JD.com's big money trades within a strike price range of $35.0 to $80.0 over the last 30 days.
JD.com 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 |
|---|---|---|---|---|---|---|---|---|
| JD | CALL | SWEEP | BEARISH | 09/15/23 | $40.00 | $474.9K | 3.2K | 25 |
| JD | CALL | SWEEP | BULLISH | 05/19/23 | $35.00 | $198.0K | 715 | 310 |
| JD | CALL | SWEEP | BEARISH | 09/15/23 | $45.00 | $98.7K | 4.2K | 337 |
| JD | PUT | SWEEP | NEUTRAL | 05/19/23 | $40.00 | $81.1K | 2.8K | 449 |
| JD | CALL | SWEEP | BEARISH | 09/15/23 | $40.00 | $71.9K | 3.2K | 906 |
Where Is JD.com Standing Right Now?
- With a volume of 3,713,967, the price of JD is down -3.5% at $40.38.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 41 days.
What The Experts Say On JD.com:
- HSBC has decided to maintain their Buy rating on JD.com, which currently sits at a price target of $70.
- Barclays has decided to maintain their Overweight rating on JD.com, which currently sits at a price target of $74.
- Benchmark downgraded its action to Buy with a price target of $76
- Loop Capital downgraded its action to Hold with a price target of $49
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 JD.com, 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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