Whales with a lot of money to spend have taken a noticeably bearish stance on Coupang.
Looking at options history for Coupang CPNG we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $223,203 and 6, calls, for a total amount of $3,158,699.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $35.0 for Coupang over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Coupang stands at 28173.43, with a total volume reaching 23,223.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Coupang, situated within the strike price corridor from $15.0 to $35.0, throughout the last 30 days.
Coupang Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CPNG | CALL | TRADE | BEARISH | 05/17/24 | $17.50 | $1.7M | 95.5K | 8.1K |
| CPNG | CALL | TRADE | BEARISH | 05/17/24 | $19.00 | $1.1M | 9.9K | 8.4K |
| CPNG | CALL | SWEEP | BEARISH | 06/21/24 | $20.00 | $154.2K | 3.9K | 1.3K |
| CPNG | PUT | SWEEP | BULLISH | 06/21/24 | $17.50 | $146.9K | 1.4K | 1.8K |
| CPNG | CALL | SWEEP | BEARISH | 05/17/24 | $22.50 | $93.6K | 83.5K | 2.9K |
About Coupang
Coupang Inc is an e-commerce company. It sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.
In light of the recent options history for Coupang, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Coupang Standing Right Now?
- With a trading volume of 6,457,773, the price of CPNG is down by -0.58%, reaching $18.85.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 61 days from now.
What The Experts Say On Coupang
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $23.0.
- In a positive move, an analyst from Deutsche Bank has upgraded their rating to Buy and adjusted the price target to $21.
- An analyst from Barclays has decided to maintain their Overweight rating on Coupang, which currently sits at a price target of $25.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Coupang options trades with real-time alerts from Benzinga Pro.
© 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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