Investors with a lot of money to spend have taken a bullish stance on Builders FirstSource BLDR.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BLDR, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Builders FirstSource.
This isn't normal.
The overall sentiment of these big-money traders is split between 80% bullish and 10%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $83,642, and 8 are calls, for a total amount of $255,386.
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 $120.0 and $180.0 for Builders FirstSource, spanning the last three months.
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 Builders FirstSource'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 Builders FirstSource's whale trades within a strike price range from $120.0 to $180.0 in the last 30 days.
Builders FirstSource 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BLDR | PUT | SWEEP | NEUTRAL | 01/17/25 | $6.4 | $6.0 | $6.1 | $120.00 | $52.4K | 260 | 11 |
| BLDR | CALL | SWEEP | BULLISH | 01/17/25 | $8.5 | $8.3 | $8.49 | $180.00 | $51.7K | 206 | 0 |
| BLDR | CALL | TRADE | BULLISH | 01/17/25 | $19.8 | $19.0 | $19.8 | $150.00 | $39.6K | 696 | 63 |
| BLDR | PUT | SWEEP | BEARISH | 01/17/25 | $15.6 | $15.5 | $15.6 | $145.00 | $31.1K | 139 | 0 |
| BLDR | CALL | TRADE | BULLISH | 08/16/24 | $14.6 | $13.9 | $14.32 | $135.00 | $28.6K | 1.2K | 10 |
About Builders FirstSource
Builders FirstSource Inc is a manufacturer and supplier of building materials. The company offers structural and related building products such as factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood. The products can be designed for each home individually and are installed by Builders FirstSource. The company's construction-related services include professional installation, turn-key framing, and shell construction. Builders FirstSource's customers range from large production builders to small custom homebuilders.
Having examined the options trading patterns of Builders FirstSource, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Builders FirstSource's Current Market Status
- With a volume of 2,280,832, the price of BLDR is up 7.78% at $147.36.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 26 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 Builders FirstSource 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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