Financial giants have made a conspicuous bullish move on Wayfair. Our analysis of options history for Wayfair W revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $116,545, and 5 were calls, valued at $230,184.
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Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $60.0 for Wayfair over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Wayfair stands at 217.5, with a total volume reaching 1,598.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Wayfair, situated within the strike price corridor from $35.0 to $60.0, throughout the last 30 days.
Wayfair Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| W | CALL | TRADE | BULLISH | 01/16/26 | $35.00 | $61.4K | 17 | 20 |
| W | CALL | TRADE | BULLISH | 02/23/24 | $51.00 | $59.6K | 7 | 188 |
| W | PUT | TRADE | BULLISH | 03/15/24 | $55.00 | $57.1K | 409 | 1 |
| W | CALL | SWEEP | BEARISH | 02/02/24 | $60.00 | $43.8K | 305 | 1.2K |
| W | CALL | SWEEP | BULLISH | 03/15/24 | $50.00 | $35.6K | 414 | 55 |
About Wayfair
Wayfair engages in e-commerce in the United States (86% of 2022 sales), Canada, the United Kingdom, Germany, and Ireland. At the end of 2022, the firm offered more than 40 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.
Current Position of Wayfair
- With a volume of 2,163,796, the price of W is up 1.0% at $55.32.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 28 days.
What Analysts Are Saying About Wayfair
5 market experts have recently issued ratings for this stock, with a consensus target price of $64.4.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Wayfair with a target price of $60.
- An analyst from Truist Securities persists with their Buy rating on Wayfair, maintaining a target price of $70.
- An analyst from BMO Capital downgraded its action to Market Perform with a price target of $57.
- An analyst from Morgan Stanley upgraded its action to Overweight with a price target of $80.
- Consistent in their evaluation, an analyst from Stifel keeps a Hold rating on Wayfair with a target price of $55.
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 Wayfair with Benzinga Pro for real-time alerts.
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