Costco Wholesale Unusual Options Activity For December 27

Whales with a lot of money to spend have taken a noticeably bullish stance on Costco Wholesale.

Looking at options history for Costco Wholesale COST we detected 28 trades.

If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $128,210 and 25, calls, for a total amount of $1,461,516.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $225.0 and $795.0 for Costco Wholesale, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Costco Wholesale's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Costco Wholesale's substantial trades, within a strike price spectrum from $225.0 to $795.0 over the preceding 30 days.

Costco Wholesale Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Costco Wholesale

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates nearly 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the U.K.

Where Is Costco Wholesale Standing Right Now?

• Trading volume stands at 391,378, with COST's price down by -1.72%, positioned at $663.0.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 64 days.

What Analysts Are Saying About Costco Wholesale

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $650.0.

• Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Costco Wholesale, targeting a price of $650.
• An analyst from Northcoast Research has revised its rating downward to Neutral, adjusting the price target to $620.
• An analyst from Citigroup persists with their Neutral rating on Costco Wholesale, maintaining a target price of $630.
• An analyst from Oppenheimer has revised its rating downward to Outperform, adjusting the price target to $675.
• Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Costco Wholesale, targeting a price of $675.

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 Costco Wholesale with Benzinga Pro for real-time alerts.