Deep-pocketed investors have adopted a bearish approach towards Etsy ETSY, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ETSY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Etsy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 18% leaning bullish and 81% bearish. Among these notable options, 4 are puts, totaling $155,798, and 7 are calls, amounting to $713,607.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $59.0 to $120.0 for Etsy over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Etsy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Etsy's substantial trades, within a strike price spectrum from $59.0 to $120.0 over the preceding 30 days.
Etsy Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ETSY | CALL | SWEEP | BEARISH | 01/17/25 | $9.95 | $9.4 | $9.4 | $60.00 | $376.0K | 117 | 17 |
| ETSY | CALL | SWEEP | BEARISH | 06/20/25 | $7.5 | $7.3 | $7.3 | $75.00 | $162.7K | 1.0K | 277 |
| ETSY | PUT | TRADE | BEARISH | 01/16/26 | $59.25 | $56.55 | $59.14 | $120.00 | $59.1K | 0 | 0 |
| ETSY | PUT | SWEEP | BEARISH | 08/16/24 | $14.1 | $14.0 | $14.1 | $75.00 | $43.7K | 1 | 20 |
| ETSY | CALL | SWEEP | BEARISH | 07/19/24 | $3.25 | $3.2 | $3.2 | $60.00 | $40.0K | 2.2K | 57 |
About Etsy
Etsy operates a top-10 e-commerce marketplace operator in the us and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.2 billion in 2023 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
Having examined the options trading patterns of Etsy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Etsy Standing Right Now?
- With a volume of 1,509,080, the price of ETSY is down -3.89% at $60.81.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 48 days.
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 Etsy, 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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