Whales with a lot of money to spend have taken a noticeably bearish stance on AutoZone.
Looking at options history for AutoZone AZO we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $617,020 and 2, calls, for a total amount of $99,900.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2500.0 and $3200.0 for AutoZone, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for AutoZone options trades today is 66.14 with a total volume of 64.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for AutoZone's big money trades within a strike price range of $2500.0 to $3200.0 over the last 30 days.
AutoZone Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AZO | PUT | TRADE | NEUTRAL | 01/17/25 | $130.7 | $117.1 | $123.75 | $3000.00 | $247.5K | 12 | 20 |
| AZO | PUT | SWEEP | BEARISH | 12/20/24 | $208.3 | $208.3 | $208.3 | $3200.00 | $124.9K | 76 | 6 |
| AZO | PUT | SWEEP | BEARISH | 12/20/24 | $77.9 | $78.0 | $77.9 | $2910.00 | $85.6K | 7 | 11 |
| AZO | PUT | TRADE | BULLISH | 12/20/24 | $217.5 | $207.9 | $207.9 | $3200.00 | $83.1K | 76 | 10 |
| AZO | CALL | TRADE | BEARISH | 01/17/25 | $681.5 | $665.7 | $670.0 | $2500.00 | $67.0K | 23 | 1 |
About AutoZone
AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.
Following our analysis of the options activities associated with AutoZone, we pivot to a closer look at the company's own performance.
Current Position of AutoZone
- Currently trading with a volume of 44,438, the AZO's price is down by -1.43%, now at $3096.28.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 18 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 AutoZone 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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