Investors with a lot of money to spend have taken a bearish stance on Dow DOW.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DOW, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Dow.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,413, and 8, calls, for a total amount of $468,575.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $65.0 for Dow, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Dow stands at 877.4, with a total volume reaching 1,991.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Dow, situated within the strike price corridor from $50.0 to $65.0, throughout the last 30 days.
Dow 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DOW | CALL | TRADE | NEUTRAL | 06/20/25 | $57.50 | $101.5K | 456 | 155 |
| DOW | CALL | TRADE | BULLISH | 06/21/24 | $50.00 | $86.0K | 1.5K | 600 |
| DOW | CALL | TRADE | NEUTRAL | 06/21/24 | $50.00 | $85.7K | 1.5K | 700 |
| DOW | CALL | SWEEP | NEUTRAL | 06/21/24 | $50.00 | $42.6K | 1.5K | 100 |
| DOW | CALL | TRADE | NEUTRAL | 06/21/24 | $50.00 | $42.5K | 1.5K | 200 |
About Dow
Dow Chemical is a diversified global chemicals producer, formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.
After a thorough review of the options trading surrounding Dow, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Dow
- With a volume of 1,630,992, the price of DOW is down -0.22% at $57.8.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 34 days.
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 Dow, Benzinga Pro gives you real-time options trades 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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