Financial giants have made a conspicuous bearish move on AutoZone. Our analysis of options history for AutoZone AZO revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $305,970, and 5 were calls, valued at $358,137.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2000.0 to $3900.0 for AutoZone over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of AutoZone stands at 26.0, with a total volume reaching 27.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AutoZone, situated within the strike price corridor from $2000.0 to $3900.0, throughout the last 30 days.
AutoZone Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| AZO | PUT | TRADE | NEUTRAL | 02/16/24 | $3900.00 | $113.6K | 0 | 1 |
| AZO | PUT | TRADE | NEUTRAL | 02/16/24 | $3900.00 | $113.2K | 0 | 2 |
| AZO | CALL | SWEEP | BULLISH | 01/17/25 | $3000.00 | $99.4K | 111 | 6 |
| AZO | CALL | TRADE | NEUTRAL | 09/20/24 | $2000.00 | $84.9K | 0 | 1 |
| AZO | PUT | TRADE | BULLISH | 03/15/24 | $2760.00 | $79.0K | 4 | 11 |
About AutoZone
AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 7,140 stores in the U.S. (6,300), Mexico (740), and Brazil (100) as of the end of fiscal 2023.
After a thorough review of the options trading surrounding AutoZone, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
AutoZone's Current Market Status
- With a trading volume of 39,516, the price of AZO is down by 0.0%, reaching $2748.61.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 32 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for AutoZone, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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