Unpacking the Latest Options Trading Trends in Hasbro

High-rolling investors have positioned themselves bearish on Hasbro HAS, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in HAS often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 16 options trades for Hasbro. This is not a typical pattern.

The sentiment among these major traders is split, with 12% bullish and 87% bearish. Among all the options we identified, there was one put, amounting to $222,510, and 15 calls, totaling $1,164,925.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $60.0 for Hasbro over the recent three months.

Volume & Open Interest Development

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 Hasbro'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 Hasbro's whale activity within a strike price range from $55.0 to $60.0 in the last 30 days.

Hasbro Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Hasbro

Hasbro is a branded play company providing children and families around the world with entertainment offerings based on a world-class brand portfolio. From toys and games to television programming, motion pictures, and a licensing program, Hasbro reaches customers by leveraging its well-known brands such as Transformers, Nerf, and Magic: The Gathering. Ownership stakes in Discovery Family, which offers programming around Hasbro brands, and production capabilities has helped bolster Hasbro's multichannel presence. The firm acquired EOne in 2019, bolting on popular family properties like Peppa Pig and PJ Masks, and since has pruned noncore lines from the tie-up. Furthermore, the addition of Dungeons & Dragons Beyond in 2022, offered the firm access to 10 million digital tabletop players.

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

Current Position of Hasbro

• Currently trading with a volume of 886,061, the HAS's price is down by 0.0%, now at $53.04.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 42 days.

What Analysts Are Saying About Hasbro

3 market experts have recently issued ratings for this stock, with a consensus target price of $60.666666666666664.

• Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Hasbro, targeting a price of $54.
• Reflecting concerns, an analyst from Stifel lowers its rating to Buy with a new price target of $64.
• Reflecting concerns, an analyst from Stifel lowers its rating to Buy with a new price target of $64.

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