Financial giants have made a conspicuous bearish move on Groupon. Our analysis of options history for Groupon GRPN revealed 16 unusual trades.
Delving into the details, we found 18% of traders were bullish, while 81% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $491,025, and 5 were calls, valued at $191,944.
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 $8.0 to $21.0 for Groupon over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Groupon's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Groupon's substantial trades, within a strike price spectrum from $8.0 to $21.0 over the preceding 30 days.
Groupon Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| GRPN | PUT | SWEEP | BEARISH | 12/15/23 | $11.00 | $82.8K | 69 | 19 |
| GRPN | PUT | TRADE | BEARISH | 11/17/23 | $12.00 | $60.0K | 1.9K | 6 |
| GRPN | PUT | SWEEP | BEARISH | 12/15/23 | $8.00 | $55.4K | 254 | 3.3K |
| GRPN | PUT | TRADE | BEARISH | 12/15/23 | $8.00 | $54.2K | 254 | 1.6K |
| GRPN | CALL | SWEEP | BULLISH | 01/19/24 | $13.00 | $52.6K | 2.7K | 0 |
About Groupon
Groupon acts as the middleman between consumers and merchants, offering a variety of products and services at discounts via its online store. It offers consumers daily deals from local merchants. It generates revenue from the take rate on the vouchers' purchase and/or usage. More than 60% of Groupon's revenue comes from North America.
Following our analysis of the options activities associated with Groupon, we pivot to a closer look at the company's own performance.
Where Is Groupon Standing Right Now?
- With a trading volume of 4,210,630, the price of GRPN is down by -26.51%, reaching $9.95.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 125 days from now.
What The Experts Say On Groupon
In the last month, 2 experts released ratings on this stock with an average target price of $30.0.
- An analyst from Roth MKM has revised its rating downward to Buy, adjusting the price target to $30.
- An analyst from Roth MKM downgraded its action to Buy with a price target of $30.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Groupon with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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