Wingstop Options Trading: A Deep Dive into Market Sentiment

Whales with a lot of money to spend have taken a noticeably bullish stance on Wingstop.

Looking at options history for Wingstop WING we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $236,444 and 9, calls, for a total amount of $519,396.

Latest Startup Investment Opportunities:

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $430.0 for Wingstop over the recent three months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Wingstop stands at 190.08, with a total volume reaching 326.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Wingstop, situated within the strike price corridor from $200.0 to $430.0, throughout the last 30 days.

Wingstop Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Wingstop

Founded in 1994 in Garland, Texas, Wingstop is a restaurant operator specializing in indulgent bone-in and boneless chicken wings, chicken tenders, fries, and, recently, chicken sandwiches. The firm's footprint has grown quickly since its inception, reaching north of 2,200 global stores at the end of 2023, rendering Wingstop the 31st-largest restaurant brand in the U.S. by system sales, according to Euromonitor data. With a 98% franchised model, Wingstop generates the lion share of its revenue from franchise royalties and advertising fees, with the remainder derived from a small footprint of company-owned stores.

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

Where Is Wingstop Standing Right Now?

• With a trading volume of 449,145, the price of WING is down by 0.0%, reaching $351.05.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 61 days from now.

Professional Analyst Ratings for Wingstop

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $336.0.

• In a cautious move, an analyst from Bernstein downgraded its rating to Outperform, setting a price target of $340.
• Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Wingstop, targeting a price of $340.
• An analyst from Wedbush has decided to maintain their Outperform rating on Wingstop, which currently sits at a price target of $340.
• An analyst from Stephens & Co. has revised its rating downward to Overweight, adjusting the price target to $330.
• An analyst from Wedbush has decided to maintain their Outperform rating on Wingstop, which currently sits at a price target of $330.

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 Wingstop with Benzinga Pro for real-time alerts.