Looking At Equinix's Recent Unusual Options Activity

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

Looking at options history for Equinix EQIX we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 69% of the investors opened trades with bullish expectations and 30% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $500,080 and 3, calls, for a total amount of $116,655.

Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $800.0 to $980.0 for Equinix over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Equinix'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 Equinix's whale activity within a strike price range from $800.0 to $980.0 in the last 30 days.

Equinix 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
EQIX PUT SWEEP NEUTRAL 06/21/24 $800.00 $247.0K 10 190
EQIX PUT SWEEP BULLISH 04/19/24 $860.00 $45.0K 58 50
EQIX CALL TRADE NEUTRAL 06/21/24 $980.00 $43.2K 39 0
EQIX CALL TRADE NEUTRAL 03/15/24 $870.00 $36.8K 85 9
EQIX CALL TRADE NEUTRAL 06/21/24 $980.00 $36.6K 39 35

About Equinix

Equinix operates 260 data centers in 71 markets worldwide. It generates 44% of total revenue in the Americas, 35% in Europe, the Middle East, and Africa, and 21% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.

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

Current Position of Equinix

  • With a trading volume of 141,626, the price of EQIX is up by 1.13%, reaching $905.69.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 56 days from now.

Expert Opinions on Equinix

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $714.4.

  • Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Equinix with a target price of $925.
  • Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Equinix with a target price of $950.
  • Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Equinix, targeting a price of $781.
  • An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Equinix, which currently sits at a price target of $825.
  • Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Equinix with a target price of $91.

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

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Posted In: OptionsMarketsBZI-UOA
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