Check Out What Whales Are Doing With WSM

Deep-pocketed investors have adopted a bullish approach towards Williams-Sonoma WSM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WSM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Williams-Sonoma. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 72% leaning bullish and 27% bearish. Among these notable options, 6 are puts, totaling $443,820, and 5 are calls, amounting to $414,060.

Latest Startup Investment Opportunities:

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $260.0 to $350.0 for Williams-Sonoma over the recent three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Williams-Sonoma's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Williams-Sonoma's substantial trades, within a strike price spectrum from $260.0 to $350.0 over the preceding 30 days.

Williams-Sonoma Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Williams-Sonoma

With a retail and direct-to-consumer presence, Williams-Sonoma is a player in the $300 billion domestic home category, focused on expanding its exposure in the B2B, marketplace, and franchise areas. Namesake Williams-Sonoma (163 stores) offers high-end cooking essentials, while Pottery Barn (191) provides casual home accessories. Brand extensions include Pottery Barn Kids (46) and PBteen. West Elm (123) is an emerging concept for young professionals, and Rejuvenation (10) offers lighting and house parts. Williams-Sonoma also has a business-to-business team that supports projects that range from residential to large-scale commercial.

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

Williams-Sonoma's Current Market Status

• Trading volume stands at 2,908,693, with WSM's price down by -0.66%, positioned at $283.77.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 67 days.

Professional Analyst Ratings for Williams-Sonoma

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $275.0.

• An analyst from Telsey Advisory Group persists with their Outperform rating on Williams-Sonoma, maintaining a target price of $320.
• An analyst from Goldman Sachs has elevated its stance to Neutral, setting a new price target at $263.
• An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Williams-Sonoma, which currently sits at a price target of $240.
• An analyst from TD Cowen has decided to maintain their Outperform rating on Williams-Sonoma, which currently sits at a price target of $320.
• Consistent in their evaluation, an analyst from Barclays keeps a Underweight rating on Williams-Sonoma with a target price of $232.

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 Williams-Sonoma options trades with real-time alerts from Benzinga Pro.