Deep-pocketed investors have adopted a bullish approach towards Wayfair W, 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 W usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 18 extraordinary options activities for Wayfair. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 2 are puts, totaling $388,550, and 16 are calls, amounting to $809,995.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $55.0 for Wayfair during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Wayfair'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 Wayfair's whale trades within a strike price range from $40.0 to $55.0 in the last 30 days.
Wayfair Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| W | PUT | TRADE | BULLISH | 02/21/25 | $4.7 | $4.5 | $4.5 | $40.00 | $360.0K | 34 | 1 |
| W | CALL | SWEEP | BEARISH | 07/19/24 | $6.1 | $5.95 | $5.95 | $45.00 | $102.9K | 2.2K | 945 |
| W | CALL | SWEEP | BEARISH | 07/19/24 | $6.25 | $6.1 | $6.1 | $45.00 | $84.7K | 2.2K | 1.1K |
| W | CALL | SWEEP | BEARISH | 07/19/24 | $6.05 | $5.85 | $5.85 | $45.00 | $80.7K | 2.2K | 2.0K |
| W | CALL | SWEEP | BULLISH | 07/19/24 | $6.0 | $5.9 | $6.0 | $45.00 | $61.8K | 2.2K | 1.9K |
About Wayfair
Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland. At the end of 2023, the firm offered more than 30 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.
After a thorough review of the options trading surrounding Wayfair, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Wayfair
- With a volume of 2,675,315, the price of W is down -4.13% at $50.55.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 31 days.
Professional Analyst Ratings for Wayfair
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $50.0.
- Maintaining their stance, an analyst from Loop Capital continues to hold a Hold rating for Wayfair, targeting a price of $50.
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 Wayfair 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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