Deep-pocketed investors have adopted a bearish approach towards Dow DOW, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DOW usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Dow. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 22% leaning bullish and 77% bearish. Among these notable options, 4 are puts, totaling $605,724, and 5 are calls, amounting to $257,456.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $60.0 for Dow, spanning the last three months.
Insights into Volume & Open Interest
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 Dow'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 Dow's whale activity within a strike price range from $30.0 to $60.0 in the last 30 days.
Dow 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 |
|---|---|---|---|---|---|---|---|---|
| DOW | PUT | SWEEP | BEARISH | 03/15/24 | $55.00 | $374.5K | 1.1K | 2.0K |
| DOW | PUT | SWEEP | BEARISH | 03/15/24 | $55.00 | $143.1K | 1.1K | 2.0K |
| DOW | CALL | SWEEP | BEARISH | 01/19/24 | $57.00 | $84.2K | 253 | 4.5K |
| DOW | CALL | SWEEP | BEARISH | 01/19/24 | $57.00 | $56.0K | 253 | 1.6K |
| DOW | CALL | TRADE | NEUTRAL | 01/19/24 | $30.00 | $51.3K | 172 | 20 |
About Dow
Dow Chemical is a diversified global chemicals producer, formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.
Where Is Dow Standing Right Now?
- With a trading volume of 1,652,067, the price of DOW is down by 0.0%, reaching $55.71.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 29 days from now.
Expert Opinions on Dow
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $54.0.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Dow with a target price of $54.
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 Dow, 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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