Investors with a lot of money to spend have taken a bearish stance on Deckers Outdoor DECK.
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 DECK, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Deckers Outdoor.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $48,900, and 8, calls, for a total amount of $303,393.
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 $550.0 and $800.0 for Deckers Outdoor, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Deckers Outdoor's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Deckers Outdoor's significant trades, within a strike price range of $550.0 to $800.0, over the past month.
Deckers Outdoor Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DECK | CALL | TRADE | BEARISH | 06/21/24 | $550.00 | $66.4K | 34 | 5 |
| DECK | CALL | SWEEP | NEUTRAL | 03/15/24 | $660.00 | $52.8K | 116 | 6 |
| DECK | PUT | TRADE | BULLISH | 06/21/24 | $800.00 | $48.9K | 1 | 6 |
| DECK | CALL | TRADE | BEARISH | 06/21/24 | $550.00 | $44.9K | 34 | 2 |
| DECK | CALL | TRADE | BEARISH | 06/21/24 | $760.00 | $33.7K | 160 | 24 |
About Deckers Outdoor
Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Most of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Most sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. Deckers sources its products from independent manufacturers primarily in Asia.
After a thorough review of the options trading surrounding Deckers Outdoor, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Deckers Outdoor's Current Market Status
- Currently trading with a volume of 175,744, the DECK's price is up by 0.04%, now at $768.0.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 9 days.
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 Deckers Outdoor options trades with real-time alerts from Benzinga Pro.
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