High-rolling investors have positioned themselves bearish on Autodesk ADSK, 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 ADSK often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Autodesk. This is not a typical pattern.
The sentiment among these major traders is split, with 18% bullish and 81% bearish. Among all the options we identified, there was one put, amounting to $26,307, and 10 calls, totaling $515,700.
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 $190.0 to $267.5 for Autodesk over the last 3 months.
Analyzing Volume & Open Interest
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 Autodesk'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 Autodesk's whale activity within a strike price range from $190.0 to $267.5 in the last 30 days.
Autodesk Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ADSK | CALL | TRADE | NEUTRAL | 01/17/25 | $210.00 | $64.7K | 113 | 10 |
| ADSK | CALL | SWEEP | BEARISH | 01/17/25 | $230.00 | $60.6K | 229 | 25 |
| ADSK | CALL | TRADE | BULLISH | 01/17/25 | $220.00 | $57.9K | 235 | 0 |
| ADSK | CALL | TRADE | BEARISH | 01/17/25 | $220.00 | $57.1K | 235 | 42 |
| ADSK | CALL | TRADE | NEUTRAL | 01/17/25 | $230.00 | $50.2K | 229 | 76 |
About Autodesk
Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.
Having examined the options trading patterns of Autodesk, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Autodesk
- Currently trading with a volume of 811,285, the ADSK's price is down by -0.19%, now at $258.03.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 69 days.
Expert Opinions on Autodesk
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $289.8.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Autodesk, targeting a price of $316.
- An analyst from BMO Capital persists with their Market Perform rating on Autodesk, maintaining a target price of $293.
- Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Autodesk with a target price of $290.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Autodesk, targeting a price of $320.
- An analyst from Goldman Sachs has decided to maintain their Sell rating on Autodesk, which currently sits at a price target of $230.
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 Autodesk 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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