Decoding Autodesk's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish stance on Autodesk ADSK.

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 ADSK, 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 14 uncommon options trades for Autodesk.

This isn't normal.

The overall sentiment of these big-money traders is split between 64% bullish and 35%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $978,458, and 6 are calls, for a total amount of $191,853.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $210.0 and $350.0 for Autodesk, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Autodesk's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Autodesk's substantial trades, within a strike price spectrum from $210.0 to $350.0 over the preceding 30 days.

Autodesk Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Autodesk

Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.

Following our analysis of the options activities associated with Autodesk, we pivot to a closer look at the company's own performance.

Where Is Autodesk Standing Right Now?

• With a volume of 1,336,613, the price of ADSK is up 0.43% at $256.35.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 0 days.

Professional Analyst Ratings for Autodesk

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $286.75.

• Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Autodesk, targeting a price of $275.
• An analyst from Barclays has decided to maintain their Overweight rating on Autodesk, which currently sits at a price target of $300.
• An analyst from Oppenheimer has decided to maintain their Outperform rating on Autodesk, which currently sits at a price target of $265.
• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Autodesk with a target price of $307.

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 Autodesk, Benzinga Pro gives you real-time options trades alerts.