Financial giants have made a conspicuous bullish move on DoorDash. Our analysis of options history for DoorDash DASH revealed 10 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $308,718, and 5 were calls, valued at $303,466.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $155.0 for DoorDash, spanning the last three months.
Insights into Volume & Open Interest
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 DoorDash'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 DoorDash's whale trades within a strike price range from $95.0 to $155.0 in the last 30 days.
DoorDash Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DASH | PUT | SWEEP | BULLISH | 01/17/25 | $17.7 | $17.65 | $17.65 | $120.00 | $148.2K | 531 | 6 |
| DASH | CALL | SWEEP | BULLISH | 08/16/24 | $3.7 | $3.5 | $3.62 | $120.00 | $76.8K | 5.9K | 2 |
| DASH | CALL | SWEEP | BULLISH | 08/16/24 | $0.65 | $0.62 | $0.65 | $140.00 | $62.8K | 5.2K | 358 |
| DASH | CALL | TRADE | BEARISH | 08/16/24 | $7.55 | $7.45 | $7.45 | $110.00 | $58.1K | 2.3K | 33 |
| DASH | PUT | SWEEP | BEARISH | 08/16/24 | $2.23 | $2.11 | $2.23 | $95.00 | $55.7K | 922 | 23 |
About DoorDash
Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDash provides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers.
Present Market Standing of DoorDash
- With a volume of 2,614,047, the price of DASH is up 3.1% at $110.96.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 27 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 DoorDash, 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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