Investors with a lot of money to spend have taken a bearish stance on DuPont de Nemours DD.
And retail traders should know.
We noticed this today when the positions 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 DD, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for DuPont de Nemours.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $47,262, and 9, calls, for a total amount of $965,259.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $80.0 for DuPont de Nemours over the recent three 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 DuPont de Nemours's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to DuPont de Nemours's substantial trades, within a strike price spectrum from $60.0 to $80.0 over the preceding 30 days.
DuPont de Nemours 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DD | CALL | SWEEP | NEUTRAL | 01/19/24 | $62.50 | $175.5K | 1.2K | 19 |
| DD | CALL | TRADE | BEARISH | 01/19/24 | $60.00 | $157.0K | 169 | 119 |
| DD | CALL | TRADE | BULLISH | 06/20/25 | $70.00 | $138.0K | 40 | 190 |
| DD | CALL | TRADE | BULLISH | 06/20/25 | $70.00 | $115.0K | 40 | 290 |
| DD | CALL | SWEEP | BEARISH | 01/19/24 | $65.00 | $112.6K | 637 | 144 |
About DuPont de Nemours
DuPont is a diversified global specialty chemicals company created in 2019 as a result of the DowDuPont merger and subsequent separations. Its portfolio includes specialty chemicals and downstream products that serve the electronics and communication, automotive, construction, safety and protection, and water management industries. DuPont benefits from the ability to produce patented specialty chemicals that command pricing power. Noteworthy products include Kevlar, Tyvek, and Nomex, which have evolved over time to enable a wide range of applications across multiple industries.
Following our analysis of the options activities associated with DuPont de Nemours, we pivot to a closer look at the company's own performance.
Current Position of DuPont de Nemours
- Trading volume stands at 1,189,827, with DD's price up by 0.38%, positioned at $73.62.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 18 days.
Professional Analyst Ratings for DuPont de Nemours
In the last month, 1 experts released ratings on this stock with an average target price of $80.0.
- In a cautious move, an analyst from B of A Securities downgraded its rating to Underperform, setting a price target of $80.
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 DuPont de Nemours options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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