Deep-pocketed investors have adopted a bullish approach towards Dave & Buster's Enter PLAY, 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 PLAY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Dave & Buster's Enter. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 70% leaning bullish and 20% bearish. Among these notable options, 5 are puts, totaling $215,896, and 5 are calls, amounting to $178,927.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $34.0 for Dave & Buster's Enter over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Dave & Buster's Enter's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Dave & Buster's Enter's substantial trades, within a strike price spectrum from $15.0 to $34.0 over the preceding 30 days.
Dave & Buster's Enter Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PLAY | PUT | SWEEP | BULLISH | 02/21/25 | $2.85 | $2.8 | $2.85 | $30.00 | $82.1K | 0 | 288 |
| PLAY | PUT | SWEEP | BULLISH | 02/21/25 | $2.85 | $2.8 | $2.85 | $30.00 | $51.0K | 0 | 467 |
| PLAY | CALL | SWEEP | BULLISH | 02/21/25 | $2.75 | $2.6 | $2.7 | $30.00 | $42.4K | 40 | 355 |
| PLAY | CALL | SWEEP | BULLISH | 02/21/25 | $2.7 | $2.55 | $2.65 | $30.00 | $41.6K | 40 | 198 |
| PLAY | CALL | SWEEP | BULLISH | 02/21/25 | $2.75 | $2.6 | $2.75 | $30.00 | $35.7K | 40 | 485 |
About Dave & Buster's Enter
Dave & Buster's Entertainment Inc owns and operates nearly a hundred entertainment and dining establishments in the United States where customers can eat, drink, play games, and watch televised sports. Each store offers a full menu of entries and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. It derives maximum revenue from Entertainment.
Following our analysis of the options activities associated with Dave & Buster's Enter, we pivot to a closer look at the company's own performance.
Present Market Standing of Dave & Buster's Enter
- Trading volume stands at 1,069,989, with PLAY's price up by 1.95%, positioned at $29.26.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 98 days.
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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 Dave & Buster's Enter options trades with real-time alerts from Benzinga Pro.
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