Financial giants have made a conspicuous bearish move on Applied Optoelectronics. Our analysis of options history for Applied Optoelectronics AAOI revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $123,464, and 7 were calls, valued at $348,769.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $25.0 for Applied Optoelectronics over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Applied Optoelectronics options trades today is 521.11 with a total volume of 1,454.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Applied Optoelectronics's big money trades within a strike price range of $15.0 to $25.0 over the last 30 days.
Applied Optoelectronics Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AAOI | CALL | SWEEP | BEARISH | 06/21/24 | $15.00 | $84.0K | 696 | 208 |
| AAOI | CALL | TRADE | BEARISH | 09/20/24 | $20.00 | $71.7K | 326 | 205 |
| AAOI | CALL | SWEEP | BULLISH | 03/01/24 | $15.00 | $46.4K | 837 | 453 |
| AAOI | PUT | SWEEP | BEARISH | 01/16/26 | $17.50 | $45.3K | 38 | 71 |
| AAOI | CALL | TRADE | BULLISH | 01/17/25 | $25.00 | $43.4K | 1.1K | 203 |
About Applied Optoelectronics
Applied Optoelectronics Inc is a provider of fiber-optic networking products for the Internet data center, cable television, telecommunications and fiber-to-the-home end markets. The company focuses on designing and manufacturing a range of optical communication products from components, to subassemblies, and modules to complete turn-key equipment. Demand for Applied Optoelectronics is driven by bandwidth demand in end markets. Through direct sales personnel, and manufacturing teams in the United States, China, and Taiwan, the company coordinates with customers to determine product design, qualifications, and performance. The company derives maximum revenue from Taiwan.
Having examined the options trading patterns of Applied Optoelectronics, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Applied Optoelectronics Standing Right Now?
- Trading volume stands at 2,975,831, with AAOI's price up by 7.39%, positioned at $15.12.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 63 days.
What The Experts Say On Applied Optoelectronics
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $18.0.
- An analyst from Rosenblatt persists with their Buy rating on Applied Optoelectronics, maintaining a target price of $20.
- An analyst from B. Riley Securities has revised its rating downward to Neutral, adjusting the price target to $16.
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 Applied Optoelectronics with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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