Smart Money Is Betting Big In TDOC Options

Financial giants have made a conspicuous bearish move on Teladoc Health. Our analysis of options history for Teladoc Health TDOC revealed 9 unusual trades.

Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $486,654, and 5 were calls, valued at $308,472.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $17.5 to $30.0 for Teladoc Health over the recent three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Teladoc Health'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 Teladoc Health's whale activity within a strike price range from $17.5 to $30.0 in the last 30 days.

Teladoc Health 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Teladoc Health

Teladoc Health is a virtual health provider with a telehealth platform delivering 24-hour, on-demand healthcare via mobile devices, the internet, video, and phone. It also offers remote patient monitoring programs for chronic care management. Its platform connects members with a network of physicians and behavioral health professionals. Most of the company's revenue is generated from access fees on a subscription basis (per member, per month). The balance comes from visit fees and equipment rental and sales to hospital systems. Since inception, Teladoc has primarily partnered with employers, health plans, and health systems to offer network access to their members; it has also started to market directly to consumers while expanding its service portfolio.

Present Market Standing of Teladoc Health

• Trading volume stands at 3,438,569, with TDOC's price down by -1.33%, positioned at $20.75.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 0 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 Teladoc Health, Benzinga Pro gives you real-time options trades alerts.