A whale with a lot of money to spend has taken a noticeably bullish stance on DoorDash.
Looking at options history for DoorDash DASH we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $306,266 and 3, calls, for a total amount of $334,970.
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 $55.0 to $90.0 for DoorDash over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for DoorDash options trades today is 1097.12 with a total volume of 1,629.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DoorDash's big money trades within a strike price range of $55.0 to $90.0 over the last 30 days.
DoorDash 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 |
|---|---|---|---|---|---|---|---|---|
| DASH | CALL | TRADE | NEUTRAL | 11/17/23 | $65.00 | $182.0K | 1.2K | 140 |
| DASH | CALL | SWEEP | BEARISH | 11/17/23 | $90.00 | $105.0K | 329 | 15 |
| DASH | PUT | SWEEP | BULLISH | 01/19/24 | $55.00 | $78.9K | 1.4K | 76 |
| DASH | CALL | SWEEP | BULLISH | 01/19/24 | $90.00 | $47.8K | 2.1K | 167 |
| DASH | PUT | SWEEP | BULLISH | 01/19/24 | $55.00 | $40.6K | 1.4K | 479 |
Where Is DoorDash Standing Right Now?
- With a volume of 1,336,154, the price of DASH is down -1.9% at $67.45.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 84 days.
What The Experts Say On DoorDash:
- Needham downgraded its action to Buy with a price target of $84
- JMP Securities downgraded its action to Market Outperform with a price target of $100
- DA Davidson has decided to maintain their Neutral rating on DoorDash, which currently sits at a price target of $72.
- Barclays has decided to maintain their Equal-Weight rating on DoorDash, which currently sits at a price target of $75.
- Roth MKM downgraded its action to Neutral with a price target of $72
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 DoorDash, 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.
