Investors with a lot of money to spend have taken a bearish stance on Applied Optoelectronics AAOI.
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 AAOI, 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 21 uncommon options trades for Applied Optoelectronics.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 47%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $65,500, and 19 are calls, for a total amount of $1,172,909.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $12.5 and $22.5 for Applied Optoelectronics, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Applied Optoelectronics stands at 2154.62, with a total volume reaching 7,751.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Applied Optoelectronics, situated within the strike price corridor from $12.5 to $22.5, throughout the last 30 days.
Applied Optoelectronics 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AAOI | CALL | SWEEP | NEUTRAL | 01/17/25 | $3.3 | $3.1 | $3.2 | $15.00 | $192.0K | 5.8K | 800 |
| AAOI | CALL | SWEEP | BULLISH | 01/17/25 | $3.5 | $3.3 | $3.4 | $15.00 | $98.2K | 5.8K | 912 |
| AAOI | CALL | SWEEP | BEARISH | 01/17/25 | $4.9 | $4.7 | $4.7 | $12.50 | $94.0K | 3.9K | 603 |
| AAOI | CALL | TRADE | BULLISH | 01/17/25 | $4.5 | $4.4 | $4.5 | $12.50 | $90.0K | 3.9K | 402 |
| AAOI | CALL | SWEEP | BEARISH | 01/17/25 | $4.5 | $4.4 | $4.4 | $12.50 | $88.0K | 3.9K | 202 |
About Applied Optoelectronics
Applied Optoelectronics Inc is a provider of fiber-optic networking products for the Internet data center, cable television, telecommunications and fiber-to-the-home end markets. The company focuses on designing and manufacturing a range of optical communication products from components, to subassemblies, and modules to complete turn-key equipment. Demand for Applied Optoelectronics is driven by bandwidth demand in end markets. Through direct sales personnel, and manufacturing teams in the United States, China, and Taiwan, the company coordinates with customers to determine product design, qualifications, and performance. The company derives maximum revenue from Taiwan.
Where Is Applied Optoelectronics Standing Right Now?
- Currently trading with a volume of 5,501,773, the AAOI's price is up by 13.58%, now at $15.97.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 44 days.
What Analysts Are Saying About Applied Optoelectronics
2 market experts have recently issued ratings for this stock, with a consensus target price of $18.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * In a positive move, an analyst from Raymond James has upgraded their rating to Outperform and adjusted the price target to $17. * Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Applied Optoelectronics, targeting a price of $20.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Applied Optoelectronics with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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