Dick's Sporting Goods Unusual Options Activity For January 19

Deep-pocketed investors have adopted a bearish approach towards Dick's Sporting Goods DKS, 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 DKS usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Dick's Sporting Goods. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 43% leaning bullish and 56% bearish. Among these notable options, 3 are puts, totaling $149,862, and 13 are calls, amounting to $1,805,392.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $155.0 for Dick's Sporting Goods, spanning the last three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Dick's Sporting Goods stands at 269.38, with a total volume reaching 3,209.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Dick's Sporting Goods, situated within the strike price corridor from $105.0 to $155.0, throughout the last 30 days.

Dick's Sporting Goods 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Dick's Sporting Goods

Dick's Sporting Goods retails athletic apparel, footwear, and equipment for sports. Dick's operates digital platforms, about 725 stores under its namesake brand (including outlet stores), and about 135 specialty stores under the Golf Galaxy, Moosejaw, and Public Lands nameplates. Dick's carries private-label merchandise and national brands such as Nike, The North Face, Under Armour, Callaway Golf, and TaylorMade. Based in the Pittsburgh area, Dick's was founded in 1948 by the father of current executive chairman and controlling shareholder Edward Stack.

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

Present Market Standing of Dick's Sporting Goods

• Trading volume stands at 564,623, with DKS's price down by -0.11%, positioned at $143.75.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 46 days.

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 Dick's Sporting Goods with Benzinga Pro for real-time alerts.