Financial giants have made a conspicuous bearish move on Williams-Sonoma. Our analysis of options history for Williams-Sonoma WSM revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $132,100, and 5 were calls, valued at $212,878.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $230.0 to $330.0 for Williams-Sonoma during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Williams-Sonoma stands at 211.29, with a total volume reaching 215.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Williams-Sonoma, situated within the strike price corridor from $230.0 to $330.0, throughout the last 30 days.
Williams-Sonoma Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WSM | CALL | TRADE | BEARISH | 09/20/24 | $22.3 | $21.6 | $21.6 | $320.00 | $62.6K | 6 | 2 |
| WSM | CALL | SWEEP | BEARISH | 06/21/24 | $6.4 | $6.0 | $6.0 | $300.00 | $60.0K | 565 | 16 |
| WSM | PUT | TRADE | NEUTRAL | 06/21/24 | $5.4 | $4.5 | $5.0 | $300.00 | $50.0K | 346 | 156 |
| WSM | PUT | SWEEP | BEARISH | 06/21/24 | $4.5 | $4.0 | $4.48 | $300.00 | $44.7K | 346 | 35 |
| WSM | PUT | TRADE | BEARISH | 09/20/24 | $34.7 | $32.6 | $34.0 | $320.00 | $37.4K | 5 | 1 |
About Williams-Sonoma
With a retail and direct-to-consumer presence, Williams-Sonoma is a player in the $300 billion domestic home category and $450 billion international home market, focused on expanding its exposure in the B2B ($80 billion total addressable market), marketplace, and franchise areas. Namesake Williams-Sonoma (156 stores) offers high-end cooking essentials, while Pottery Barn (184) provides casual home accessories. Brand extensions include Pottery Barn Kids (45) and PBteen. West Elm (121) is an emerging concept for young professionals, and Rejuvenation (11) offers lighting and house parts. Williams-Sonoma also has a business-to-business team that supports projects that range from residential to large-scale commercial.
After a thorough review of the options trading surrounding Williams-Sonoma, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Williams-Sonoma
- Trading volume stands at 921,001, with WSM's price down by -5.22%, positioned at $304.55.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 68 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Williams-Sonoma options trades with real-time alerts from Benzinga Pro.
© 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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