Spotlight on Floor & Decor Hldgs: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bullish stance on Floor & Decor Hldgs FND.

And retail traders should know.

We noticed this today when the trades 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 FND, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Floor & Decor Hldgs.

This isn't normal.

The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $1,272,698, and 4 are calls, for a total amount of $153,180.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $150.0 for Floor & Decor Hldgs over the last 3 months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Floor & Decor Hldgs stands at 783.0, with a total volume reaching 5,993.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Floor & Decor Hldgs, situated within the strike price corridor from $60.0 to $150.0, throughout the last 30 days.

Floor & Decor Hldgs Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Floor & Decor Hldgs

Floor & Decor Holdings Inc operates as a specialty retailer in the hard surface flooring market. Its stores offer a range of tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories at everyday low prices. It appeals to a variety of customers including professional installers, commercial businesses, Do It Yourself (DIY) customers, and customers who buy the products for professional installation. Geographically, the group has a presence in the United States region and also offers its product through an e-commerce site.

Present Market Standing of Floor & Decor Hldgs

• Currently trading with a volume of 573,294, the FND's price is down by 0.0%, now at $120.55.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 64 days.

Expert Opinions on Floor & Decor Hldgs

In the last month, 5 experts released ratings on this stock with an average target price of $108.2.

• An analyst from Truist Securities has decided to maintain their Buy rating on Floor & Decor Hldgs, which currently sits at a price target of $127.
• An analyst from Telsey Advisory Group has decided to maintain their Market Perform rating on Floor & Decor Hldgs, which currently sits at a price target of $95.
• Consistent in their evaluation, an analyst from Stifel keeps a Hold rating on Floor & Decor Hldgs with a target price of $110.
• An analyst from Truist Securities has decided to maintain their Buy rating on Floor & Decor Hldgs, which currently sits at a price target of $130.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Floor & Decor Hldgs, targeting a price of $79.

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 Floor & Decor Hldgs, Benzinga Pro gives you real-time options trades alerts.