Looking At Costco Wholesale's Recent Unusual Options Activity

High-rolling investors have positioned themselves bullish on Costco Wholesale COST, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in COST often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 10 options trades for Costco Wholesale. This is not a typical pattern.

The sentiment among these major traders is split, with 50% bullish and 10% bearish. Among all the options we identified, there was one put, amounting to $30,775, and 9 calls, totaling $565,928.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $605.0 to $1240.0 for Costco Wholesale over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Costco Wholesale options trades today is 243.11 with a total volume of 333.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Costco Wholesale's big money trades within a strike price range of $605.0 to $1240.0 over the last 30 days.

Costco Wholesale 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Costco Wholesale

Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 280 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.

Having examined the options trading patterns of Costco Wholesale, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Costco Wholesale Standing Right Now?

• With a volume of 154,862, the price of COST is down -1.09% at $926.72.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 52 days.

What The Experts Say On Costco Wholesale

3 market experts have recently issued ratings for this stock, with a consensus target price of $1086.6666666666667.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Telsey Advisory Group persists with their Outperform rating on Costco Wholesale, maintaining a target price of $1100. * An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $1100. * An analyst from Citigroup has decided to maintain their Neutral rating on Costco Wholesale, which currently sits at a price target of $1060.

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 Costco Wholesale with Benzinga Pro for real-time alerts.