Automatic Data Processing Options Trading: A Deep Dive into Market Sentiment

Whales with a lot of money to spend have taken a noticeably bullish stance on Automatic Data Processing.

Looking at options history for Automatic Data Processing ADP we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 38% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $189,990 and 6, calls, for a total amount of $199,240.

Latest Startup Investment Opportunities:

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $250.0 and $250.0 for Automatic Data Processing, spanning the last three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Automatic Data Processing stands at 1426.0, with a total volume reaching 1,963.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Automatic Data Processing, situated within the strike price corridor from $250.0 to $250.0, throughout the last 30 days.

Automatic Data Processing Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Automatic Data Processing

ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP's employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

After a thorough review of the options trading surrounding Automatic Data Processing, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Automatic Data Processing's Current Market Status

• With a volume of 338,440, the price of ADP is down 0.0% at $255.87.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 58 days.

Expert Opinions on Automatic Data Processing

1 market experts have recently issued ratings for this stock, with a consensus target price of $267.0.

• In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $267.

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 Automatic Data Processing with Benzinga Pro for real-time alerts.