Decoding O'Reilly Automotive's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on O'Reilly Automotive ORLY.

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 ORLY, 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 10 uncommon options trades for O'Reilly Automotive.

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 special options we uncovered, 4 are puts, for a total amount of $174,860, and 6 are calls, for a total amount of $434,165.

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 $1000.0 and $1080.0 for O'Reilly Automotive, spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for O'Reilly Automotive options trades today is 51.4 with a total volume of 134.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for O'Reilly Automotive's big money trades within a strike price range of $1000.0 to $1080.0 over the last 30 days.

O'Reilly Automotive Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ORLY CALL TRADE BEARISH 02/16/24 $1040.00 $114.2K 51 57
ORLY CALL TRADE BULLISH 11/15/24 $1010.00 $111.8K 0 10
ORLY PUT TRADE BEARISH 11/15/24 $1050.00 $61.0K 0 14
ORLY CALL TRADE BULLISH 11/15/24 $1080.00 $59.5K 0 0
ORLY CALL TRADE BEARISH 05/17/24 $1000.00 $57.7K 170 29

About O'Reilly Automotive

O'Reilly Automotive is one of the largest sellers of aftermarket automotive parts, tools, and accessories, serving professional and DIY customers (44% and 56% of 2022 sales, respectively). The company sells branded as well as own-label products, with the latter category comprising nearly half of sales. O'Reilly had 5,971 stores as of the end of 2022, spread across 47 U.S. states and including 42 stores in Mexico. The firm serves professional and DIY customers through its stores and also employs approximately 725 sales personnel targeting commercial buyers.

O'Reilly Automotive's Current Market Status

  • Currently trading with a volume of 164,193, the ORLY's price is down by 0.0%, now at $1028.1.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 16 days.

Expert Opinions on O'Reilly Automotive

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $986.0.

  • An analyst from Barclays persists with their Equal-Weight rating on O'Reilly Automotive, maintaining a target price of $986.

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 O'Reilly Automotive options trades with real-time alerts from Benzinga Pro.

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Posted In: OptionsMarketsBZI-UOA
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