Decoding iRobot's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on iRobot IRBT.

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 IRBT, 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 8 uncommon options trades for iRobot.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $288,019, and 3 are calls, for a total amount of $90,795.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $25.0 for iRobot over the recent three months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in iRobot's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to iRobot's substantial trades, within a strike price spectrum from $12.0 to $25.0 over the preceding 30 days.

iRobot Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About iRobot

iRobot Corp is a united state based consumer robot company. It designs and builds robots that assist consumers with the solutions for the activities to be carried both inside and outside of the home. The company's consumer robot comprises a portfolio of solutions which includes cleaning, mapping and navigation, human-robot interaction, and physical solutions. The company operates in the business segment of Consumer robots. The consumer robot products are provided to the consumers by retail businesses and online store. The company derives its revenue from the product sales. It sells the products across the United States and around the world.

After a thorough review of the options trading surrounding iRobot, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is iRobot Standing Right Now?

• With a volume of 454,214, the price of IRBT is up 1.62% at $18.78.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 19 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 iRobot with Benzinga Pro for real-time alerts.