High-rolling investors have positioned themselves bullish on Williams-Sonoma WSM, 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 WSM often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for Williams-Sonoma. This is not a typical pattern.
The sentiment among these major traders is split, with 53% bullish and 46% bearish. Among all the options we identified, there was one put, amounting to $65,000, and 12 calls, totaling $696,031.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $240.0 and $390.0 for Williams-Sonoma, spanning the last three 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 Williams-Sonoma'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 Williams-Sonoma's whale activity within a strike price range from $240.0 to $390.0 in the last 30 days.
Williams-Sonoma Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WSM | CALL | SWEEP | BULLISH | 08/16/24 | $340.00 | $153.1K | 13 | 89 |
| WSM | CALL | TRADE | BEARISH | 04/19/24 | $250.00 | $97.1K | 222 | 16 |
| WSM | CALL | SWEEP | BULLISH | 07/19/24 | $390.00 | $82.5K | 1 | 1 |
| WSM | CALL | SWEEP | BULLISH | 07/19/24 | $370.00 | $68.5K | 0 | 0 |
| WSM | PUT | TRADE | BEARISH | 06/21/24 | $290.00 | $65.0K | 339 | 57 |
About Williams-Sonoma
With a retail and direct-to-consumer presence, Williams-Sonoma is a player in the $300 billion domestic home category and $450 billion international home market, focused on expanding its exposure in the B2B ($80 billion total addressable market), marketplace, and franchise areas. Namesake Williams-Sonoma (156 stores) offers high-end cooking essentials, while Pottery Barn (184) provides casual home accessories. Brand extensions include Pottery Barn Kids (46) and PBteen. West Elm (121) is an emerging concept for young professionals, and Rejuvenation (11) 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.
Having examined the options trading patterns of Williams-Sonoma, 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 Williams-Sonoma
- Trading volume stands at 784,761, with WSM's price up by 1.13%, positioned at $298.39.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 61 days.
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 Williams-Sonoma 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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