A whale with a lot of money to spend has taken a noticeably bullish stance on Digital Realty Trust.
Looking at options history for Digital Realty Trust DLR we detected 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $2,840,418 and 7, calls, for a total amount of $282,292.
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 $50.0 to $145.0 for Digital Realty Trust over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Digital Realty Trust options trades today is 1019.36 with a total volume of 11,970.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Digital Realty Trust's big money trades within a strike price range of $50.0 to $145.0 over the last 30 days.
Digital Realty Trust 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 |
|---|---|---|---|---|---|---|---|---|
| DLR | PUT | SWEEP | BULLISH | 01/19/24 | $120.00 | $2.4M | 224 | 5.0K |
| DLR | PUT | SWEEP | BEARISH | 06/21/24 | $140.00 | $111.5K | 0 | 0 |
| DLR | PUT | SWEEP | BEARISH | 01/19/24 | $85.00 | $84.2K | 3.5K | 47 |
| DLR | PUT | SWEEP | BULLISH | 01/19/24 | $120.00 | $77.7K | 224 | 5.2K |
| DLR | CALL | SWEEP | BULLISH | 01/19/24 | $140.00 | $49.5K | 346 | 100 |
Where Is Digital Realty Trust Standing Right Now?
- With a volume of 1,592,240, the price of DLR is up 0.99% at $131.66.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 56 days.
What The Experts Say On Digital Realty Trust:
- Barclays has decided to maintain their Underweight rating on Digital Realty Trust, which currently sits at a price target of $94.
- Citigroup has decided to maintain their Buy rating on Digital Realty Trust, which currently sits at a price target of $136.
- Deutsche Bank downgraded its action to Hold with a price target of $131
- RBC Capital has decided to maintain their Outperformer rating on Digital Realty Trust, which currently sits at a price target of $140.
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 Digital Realty Trust, 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.
