Financial giants have made a conspicuous bearish move on Wix.com. Our analysis of options history for Wix.com WIX revealed 11 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $143,375, and 9 were calls, valued at $389,228.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $200.0 for Wix.com over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Wix.com's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Wix.com's substantial trades, within a strike price spectrum from $115.0 to $200.0 over the preceding 30 days.
Wix.com 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WIX | PUT | SWEEP | BEARISH | 11/15/24 | $26.0 | $25.2 | $26.0 | $185.00 | $111.8K | 9 | 49 |
| WIX | CALL | SWEEP | BULLISH | 10/18/24 | $13.8 | $13.1 | $13.8 | $180.00 | $69.0K | 653 | 640 |
| WIX | CALL | SWEEP | BEARISH | 01/17/25 | $14.7 | $12.6 | $13.3 | $200.00 | $66.5K | 33 | 611 |
| WIX | CALL | SWEEP | NEUTRAL | 01/17/25 | $15.9 | $15.6 | $15.7 | $190.00 | $60.9K | 760 | 78 |
| WIX | CALL | TRADE | BEARISH | 10/18/24 | $23.9 | $23.5 | $23.5 | $160.00 | $39.9K | 1.6K | 17 |
About Wix.com
Wix.com Ltd is a cloud-based development platform provider for millions of registered users worldwide. The company is engaged in web development and management that provides an easy-to-use powerful cloud-based platform of products through a freemium model. Its platform consists of two web creation products, with a different purpose or primary audience: Wix Editor, intended for full website creation targeted at users with basic, average, or above average technological skills, and Wix Studio, intended for advanced users such as design agencies and professionals. Geographically, the company generates a majority of its revenue from the United States and the rest from Europe, Latin America, Asia, and other regions.
After a thorough review of the options trading surrounding Wix.com, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Wix.com
- Currently trading with a volume of 933,438, the WIX's price is down by -3.44%, now at $169.95.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 55 days.
Expert Opinions on Wix.com
In the last month, 5 experts released ratings on this stock with an average target price of $184.8.
- Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for Wix.com, targeting a price of $210.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Wix.com, targeting a price of $184.
- An analyst from Jefferies persists with their Buy rating on Wix.com, maintaining a target price of $160.
- An analyst from B. Riley Securities has decided to maintain their Buy rating on Wix.com, which currently sits at a price target of $180.
- Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Wix.com, targeting a price of $190.
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 Wix.com, 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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