Financial giants have made a conspicuous bearish move on Monster Beverage. Our analysis of options history for Monster Beverage MNST revealed 9 unusual trades.
Delving into the details, we found 11% of traders were bullish, while 77% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $20,673,335, and 2 were calls, valued at $68,120.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $52.5 to $70.0 for Monster Beverage during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Monster Beverage options trades today is 65668.0 with a total volume of 20,589.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Monster Beverage's big money trades within a strike price range of $52.5 to $70.0 over the last 30 days.
Monster Beverage Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MNST | PUT | TRADE | BEARISH | 06/21/24 | $17.8 | $15.2 | $17.21 | $70.00 | $8.6M | 251.5K | 6.0K |
| MNST | PUT | TRADE | BEARISH | 06/21/24 | $17.8 | $15.2 | $16.96 | $70.00 | $8.4M | 251.5K | 0 |
| MNST | PUT | TRADE | BEARISH | 06/21/24 | $17.8 | $15.2 | $17.23 | $70.00 | $1.7M | 251.5K | 12.0K |
| MNST | PUT | TRADE | BEARISH | 06/21/24 | $17.8 | $15.2 | $17.2 | $70.00 | $1.7M | 251.5K | 6.0K |
| MNST | PUT | SWEEP | BULLISH | 06/21/24 | $1.05 | $1.0 | $1.0 | $52.50 | $75.0K | 9.5K | 1.6K |
About Monster Beverage
Monster Beverage is a leader in the energy drink subsegment of the nonalcoholic beverage market, generating two thirds of revenue in the US and Canada. The well-known Monster trademark includes brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. The firm also owns other energy drink brands, such as Reign, NOS, Burn, and Mother, and brews and distributes beers and flavored malt beverages following the acquisition of a craft brewer in 2022. Monster controls branding and innovation but outsources beverage manufacturing and packaging to copackers and finished goods distribution to bottlers in the global Coca-Cola system (pursuant to a 20-year agreement inked in 2015). Coke is the largest shareholder of Monster with a 19.5% stake.
Having examined the options trading patterns of Monster Beverage, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Monster Beverage Standing Right Now?
- Currently trading with a volume of 16,262,044, the MNST's price is up by 0.83%, now at $52.43.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 56 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 Monster Beverage with Benzinga Pro for real-time 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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