High-rolling investors have positioned themselves bullish on DaVita DVA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DVA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for DaVita. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $46,350, and 7 calls, totaling $315,680.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $150.0 for DaVita over the recent three months.
Volume & Open Interest Trends
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 DaVita'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 DaVita's whale activity within a strike price range from $140.0 to $150.0 in the last 30 days.
DaVita Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DVA | CALL | SWEEP | BEARISH | 07/19/24 | $2.7 | $2.55 | $2.55 | $150.00 | $50.9K | 603 | 1.1K |
| DVA | CALL | SWEEP | BEARISH | 07/19/24 | $2.65 | $2.55 | $2.55 | $150.00 | $50.6K | 603 | 977 |
| DVA | CALL | TRADE | BULLISH | 07/19/24 | $2.5 | $1.95 | $2.4 | $150.00 | $48.0K | 603 | 1.7K |
| DVA | CALL | SWEEP | BEARISH | 07/19/24 | $2.45 | $2.3 | $2.4 | $150.00 | $48.0K | 603 | 758 |
| DVA | PUT | TRADE | BEARISH | 07/19/24 | $10.3 | $9.7 | $10.3 | $140.00 | $46.3K | 227 | 3 |
About DaVita
DaVita is the largest provider of dialysis services in the United States, boasting market share that eclipses 35% when measured by both patients and clinics. The firm operates over 3,000 facilities worldwide, mostly in the U.S., and treats over 240,000 patients globally each year. Government payers dominate U.S. dialysis reimbursement. DaVita receives about two thirds of U.S. sales at government (primarily Medicare) reimbursement rates, with the remainder coming from commercial insurers. However, while commercial insurers represented only about 10% of the U.S. patients treated, they represent nearly all of the profits generated by DaVita in the U.S. dialysis business.
Having examined the options trading patterns of DaVita, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of DaVita
- Trading volume stands at 1,523,534, with DVA's price down by -4.15%, positioned at $136.34.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 90 days.
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 DaVita with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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