High-rolling investors have positioned themselves bearish on Ralph Lauren RL, 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 RL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for Ralph Lauren. This is not a typical pattern.
The sentiment among these major traders is split, with 0% bullish and 100% bearish. Among all the options we identified, there was one put, amounting to $25,410, and 12 calls, totaling $8,524,800.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $115.0 and $175.0 for Ralph Lauren, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Ralph Lauren's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Ralph Lauren's significant trades, within a strike price range of $115.0 to $175.0, over the past month.
Ralph Lauren 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 |
|---|---|---|---|---|---|---|---|---|
| RL | CALL | TRADE | NEUTRAL | 04/19/24 | $115.00 | $832.8K | 401 | 600 |
| RL | CALL | TRADE | NEUTRAL | 04/19/24 | $115.00 | $832.8K | 401 | 360 |
| RL | CALL | TRADE | NEUTRAL | 04/19/24 | $115.00 | $832.8K | 401 | 120 |
| RL | CALL | TRADE | BEARISH | 04/19/24 | $115.00 | $813.6K | 401 | 1.1K |
| RL | CALL | TRADE | NEUTRAL | 04/19/24 | $120.00 | $772.8K | 334 | 600 |
About Ralph Lauren
Founded by designer Ralph Lauren in 1967 in New York City, Ralph Lauren Corp. designs, markets, and distributes lifestyle products in North America, Europe, and Asia. Its products include apparel, footwear, eyewear, jewelry, handbags, home goods, and fragrances. The company's brands include Ralph Lauren Collection, Polo Ralph Lauren, and Lauren Ralph Lauren. Distribution channels for Ralph Lauren include wholesale (department stores and specialty stores), retail (company-owned retail stores and e-commerce), and licensing.
Having examined the options trading patterns of Ralph Lauren, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Ralph Lauren Standing Right Now?
- Trading volume stands at 434,665, with RL's price up by 1.23%, positioned at $185.13.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 58 days.
What The Experts Say On Ralph Lauren
1 market experts have recently issued ratings for this stock, with a consensus target price of $185.0.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Ralph Lauren, targeting a price of $185.
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 Ralph Lauren, 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 |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
