This Is What Whales Are Betting On Yelp

Someone with a lot of money to spend has taken a bullish stance on Yelp YELP.

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 YELP, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 20 options trades for Yelp.

This isn't normal.

The overall sentiment of these big-money traders is split between 90% bullish and 10%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $26,600, and 19, calls, for a total amount of $1,380,861..

Get Started

Earn 7.2% — No Matter What the Fed Does

Markets expect rate cuts — but your earnings don’t have to suffer. Lock in 7.2% until 2028 from ten individual bonds.

Get Started

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 $30.0 to $43.0 for Yelp over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Yelp's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Yelp's whale activity within a strike price range from $30.0 to $43.0 in the last 30 days.

Yelp Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Yelp Standing Right Now?

• With a volume of 232,494, the price of YELP is down -0.82% at $43.5.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 0 days.

What The Experts Say On Yelp:

• Craig-Hallum downgraded its action to Buy with a price target of $54
• Jefferies has decided to maintain their Hold rating on Yelp, which currently sits at a price target of $39.
• Goldman Sachs upgraded its action to Buy with a price target of $47
• Goldman Sachs has decided to maintain their Buy rating on Yelp, which currently sits at a price target of $47.
• Morgan Stanley has decided to maintain their Underweight rating on Yelp, which currently sits at a price target of $30.

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 Yelp, Benzinga Pro gives you real-time options trades alerts.