Williams-Sonoma's Options Frenzy: What You Need to Know

Investors with a lot of money to spend have taken a bearish stance on Williams-Sonoma WSM.

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 WSM, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 16 options trades for Williams-Sonoma.

This isn't normal.

The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $31,071, and 15, calls, for a total amount of $580,076.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $190.0 to $240.0 for Williams-Sonoma during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Williams-Sonoma's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Williams-Sonoma's significant trades, within a strike price range of $190.0 to $240.0, over the past month.

Williams-Sonoma Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Williams-Sonoma

With a retail and direct-to-consumer presence, Williams-Sonoma is a player in the $300 billion domestic home category, focused on expanding its exposure in the B2B, marketplace, and franchise areas. Namesake Williams-Sonoma (163 stores) offers high-end cooking essentials, while Pottery Barn (191) provides casual home accessories. Brand extensions include Pottery Barn Kids (46) and PBteen. West Elm (123) is an emerging concept for young professionals, and Rejuvenation (10) offers lighting and house parts. Williams-Sonoma also has a business-to-business team that supports projects that range from residential to large-scale commercial.

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

Williams-Sonoma's Current Market Status

• Currently trading with a volume of 721,584, the WSM's price is down by -0.5%, now at $218.9.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 31 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 Williams-Sonoma with Benzinga Pro for real-time alerts.