Looking At Costco Wholesale's Recent Unusual Options Activity

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

Looking at options history for Costco Wholesale COST we detected 44 trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $956,627 and 31, calls, for a total amount of $1,367,168.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $505.0 and $825.0 for Costco Wholesale, spanning the last three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Costco Wholesale's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Costco Wholesale's significant trades, within a strike price range of $505.0 to $825.0, over the past month.

Costco Wholesale Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

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.

Having examined the options trading patterns of Costco Wholesale, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Costco Wholesale

• With a volume of 926,227, the price of COST is up 0.02% at $656.14.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 52 days.

What The Experts Say On Costco Wholesale

In the last month, 5 experts released ratings on this stock with an average target price of $688.0.

• Reflecting concerns, an analyst from Oppenheimer lowers its rating to Outperform with a new price target of $675.
• 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 Tigress Financial has decided to maintain their Buy rating on Costco Wholesale, which currently sits at a price target of $745.
• Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Costco Wholesale, targeting a price of $670.
• Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Costco Wholesale with a target price of $700.

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.