Benzinga's options scanner has just identified more than 11 option transactions on Mohawk Industries MHK, with a cumulative value of $300,317. Concurrently, our algorithms picked up 3 puts, worth a total of 106,170.
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 $105.0 and $110.0 for Mohawk Industries, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Mohawk Industries's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Mohawk Industries's significant trades, within a strike price range of $105.0 to $110.0, over the past month.
Mohawk Industries Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MHK | CALL | TRADE | BEARISH | 07/19/24 | $110.00 | $52.5K | 48 | 200 |
| MHK | CALL | TRADE | BEARISH | 07/19/24 | $110.00 | $52.0K | 48 | 200 |
| MHK | PUT | SWEEP | BULLISH | 07/19/24 | $105.00 | $43.9K | 38 | 100 |
| MHK | CALL | SWEEP | BULLISH | 07/19/24 | $110.00 | $43.6K | 48 | 150 |
| MHK | CALL | TRADE | BULLISH | 07/19/24 | $110.00 | $36.4K | 48 | 285 |
About Mohawk Industries
Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring NA, and Flooring ROW. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.
After a thorough review of the options trading surrounding Mohawk Industries, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Mohawk Industries
- Currently trading with a volume of 254,911, the MHK's price is down by 0.0%, now at $105.47.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 29 days.
Professional Analyst Ratings for Mohawk Industries
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $100.0.
- An analyst from Barclays upgraded its action to Equal-Weight with a price target of $100.
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 Mohawk Industries, 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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