Investors with significant funds have taken a bullish position in WW International WW, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in WW usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 18 options transactions for WW International. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 72% being bullish and 27% bearish. Of all the options we discovered, 17 are puts, valued at $633,513, and there was a single call, worth $34,000.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3.0 and $4.5 for WW International, 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 WW International'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 WW International's whale activity within a strike price range from $3.0 to $4.5 in the last 30 days.
WW International 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 |
|---|---|---|---|---|---|---|---|---|
| WW | PUT | SWEEP | BEARISH | 03/01/24 | $4.50 | $57.5K | 7.9K | 1.5K |
| WW | PUT | SWEEP | BEARISH | 03/01/24 | $4.50 | $57.5K | 7.9K | 1.5K |
| WW | PUT | SWEEP | BEARISH | 03/01/24 | $4.50 | $57.5K | 7.9K | 1.0K |
| WW | PUT | SWEEP | BEARISH | 03/01/24 | $4.50 | $57.5K | 7.9K | 507 |
| WW | PUT | SWEEP | BULLISH | 04/19/24 | $4.00 | $57.0K | 103 | 6.0K |
About WW International
WW International is one of the largest global providers of weight loss solutions, generating $1 billion in 2022 revenue. The firm has re-emphasized its core weight loss IP after an ill-advised foray into a digital ecosystem solution, offering its members access to in person and digital studio classes, diet tracking, recipes, nutrition planning, and a suite of adjacent resources. It boasts an active member base of 3-4 million, with a footprint that spans the United States, Canada, Europe, and a small presence in emerging markets (predominately in Latin America).
After a thorough review of the options trading surrounding WW International, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is WW International Standing Right Now?
- Currently trading with a volume of 4,780,763, the WW's price is down by -1.05%, now at $3.78.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 7 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest WW International options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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