Market Whales and Their Recent Bets on DASH Options

Financial giants have made a conspicuous bearish move on DoorDash. Our analysis of options history for DoorDash DASH revealed 8 unusual trades.

Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $681,135, and 3 were calls, valued at $172,605.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $180.0 for DoorDash over the recent three months.

Insights into 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 DoorDash'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 DoorDash's whale activity within a strike price range from $125.0 to $180.0 in the last 30 days.

DoorDash Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About DoorDash

Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDash provides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers.

In light of the recent options history for DoorDash, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of DoorDash

• With a trading volume of 884,168, the price of DASH is down by -0.77%, reaching $137.19.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 30 days from now.

Expert Opinions on DoorDash

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $152.8.

• An analyst from Truist Securities has decided to maintain their Buy rating on DoorDash, which currently sits at a price target of $155.
• An analyst from Piper Sandler has elevated its stance to Neutral, setting a new price target at $127.
• An analyst from Mizuho persists with their Buy rating on DoorDash, maintaining a target price of $162.
• An analyst from JMP Securities has decided to maintain their Market Outperform rating on DoorDash, which currently sits at a price target of $160.
• Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for DoorDash, targeting a price of $160.

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 DoorDash with Benzinga Pro for real-time alerts.