AutoZone Unusual Options Activity

High-rolling investors have positioned themselves bullish on AutoZone AZO, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AZO often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 9 options trades for AutoZone. This is not a typical pattern.

The sentiment among these major traders is split, with 55% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $40,600, and 8 calls, totaling $573,363.

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Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1500.0 to $2820.0 for AutoZone during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for AutoZone's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AutoZone's whale trades within a strike price range from $1500.0 to $2820.0 in the last 30 days.

AutoZone Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AZO CALL TRADE BULLISH 03/15/24 $1500.00 $132.8K 0 0
AZO CALL TRADE BULLISH 01/17/25 $2500.00 $109.0K 22 2
AZO CALL TRADE NEUTRAL 02/16/24 $2750.00 $89.6K 21 9
AZO CALL TRADE BEARISH 01/17/25 $2300.00 $68.7K 18 1
AZO CALL TRADE BULLISH 06/21/24 $2300.00 $60.5K 44 0

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.

Having examined the options trading patterns of AutoZone, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is AutoZone Standing Right Now?

  • With a volume of 48,557, the price of AZO is down 0.0% at $2811.86.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 20 days.

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.

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AZOAutoZone Inc
$3719.24-0.16%

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