A whale with a lot of money to spend has taken a noticeably bullish stance on Estee Lauder Cos.
Looking at options history for Estee Lauder Cos EL we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $446,692 and 4, calls, for a total amount of $639,240.
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 $155.0 to $220.0 for Estee Lauder Cos 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 Estee Lauder Cos'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 Estee Lauder Cos's whale activity within a strike price range from $155.0 to $220.0 in the last 30 days.
Estee Lauder Cos 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 |
|---|---|---|---|---|---|---|---|---|
| EL | CALL | TRADE | BEARISH | 08/16/24 | $220.00 | $480.0K | 27 | 500 |
| EL | PUT | TRADE | BULLISH | 01/17/25 | $155.00 | $163.0K | 101 | 110 |
| EL | PUT | TRADE | NEUTRAL | 11/17/23 | $155.00 | $116.0K | 29 | 200 |
| EL | CALL | TRADE | BEARISH | 09/15/23 | $185.00 | $61.5K | 436 | 150 |
| EL | PUT | TRADE | BULLISH | 06/21/24 | $155.00 | $57.0K | 272 | 222 |
Where Is Estee Lauder Cos Standing Right Now?
- With a volume of 2,421,258, the price of EL is up 0.1% at $172.68.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 15 days.
What The Experts Say On Estee Lauder Cos:
- TD Cowen has decided to maintain their Outperform rating on Estee Lauder Cos, which currently sits at a price target of $210.
- Morgan Stanley has decided to maintain their Overweight rating on Estee Lauder Cos, which currently sits at a price target of $243.
- Citigroup downgraded its action to Neutral with a price target of $195
- Citigroup downgraded its action to Buy with a price target of $240
- Piper Sandler downgraded its action to Neutral with a price target of $195
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 Estee Lauder Cos, 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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