Financial giants have made a conspicuous bearish move on Fastenal. Our analysis of options history for Fastenal FAST revealed 14 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $229,102, and 12 were calls, valued at $1,107,368.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $69.62 to $89.62 for Fastenal over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Fastenal'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 Fastenal's whale trades within a strike price range from $69.62 to $89.62 in the last 30 days.
Fastenal Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| FAST | CALL | SWEEP | BEARISH | 01/16/26 | $74.62 | $354.0K | 26 | 306 |
| FAST | CALL | SWEEP | BULLISH | 01/17/25 | $84.62 | $232.4K | 253 | 647 |
| FAST | PUT | SWEEP | BEARISH | 01/17/25 | $74.62 | $177.1K | 269 | 306 |
| FAST | CALL | TRADE | BULLISH | 03/15/24 | $75.00 | $169.0K | 812 | 1.2K |
| FAST | CALL | SWEEP | BULLISH | 01/16/26 | $89.62 | $70.0K | 1 | 0 |
About Fastenal
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
Where Is Fastenal Standing Right Now?
- With a volume of 2,666,000, the price of FAST is up 1.15% at $73.68.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 38 days.
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 Fastenal with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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