Whales with a lot of money to spend have taken a noticeably bearish stance on Costco Wholesale.
Looking at options history for Costco Wholesale COST we detected 25 trades.
If we consider the specifics of each trade, it is accurate to state that 24% of the investors opened trades with bullish expectations and 76% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $1,813,285 and 10, calls, for a total amount of $741,237.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $585.0 to $755.0 for Costco Wholesale over the recent three months.
Volume & Open Interest Development
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 Costco Wholesale'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 Costco Wholesale's whale activity within a strike price range from $585.0 to $755.0 in the last 30 days.
Costco Wholesale Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | PUT | SWEEP | BULLISH | 04/05/24 | $18.35 | $17.65 | $17.65 | $730.00 | $453.6K | 939 | 301 |
| COST | PUT | TRADE | BEARISH | 01/16/26 | $64.05 | $62.7 | $64.05 | $715.00 | $320.2K | 11 | 50 |
| COST | PUT | SWEEP | BEARISH | 04/05/24 | $23.0 | $23.0 | $23.0 | $735.00 | $230.0K | 324 | 109 |
| COST | PUT | SWEEP | BULLISH | 05/17/24 | $4.55 | $4.4 | $4.4 | $670.00 | $220.0K | 153 | 531 |
| COST | PUT | SWEEP | NEUTRAL | 05/17/24 | $13.2 | $12.95 | $13.2 | $705.00 | $133.3K | 384 | 126 |
About Costco Wholesale
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.
Costco Wholesale's Current Market Status
- Currently trading with a volume of 883,598, the COST's price is down by -0.13%, now at $720.3.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 51 days.
Professional Analyst Ratings for Costco Wholesale
5 market experts have recently issued ratings for this stock, with a consensus target price of $805.0.
- An analyst from Oppenheimer persists with their Outperform rating on Costco Wholesale, maintaining a target price of $805.
- An analyst from Tigress Financial has decided to maintain their Buy rating on Costco Wholesale, which currently sits at a price target of $870.
- An analyst from Stifel has decided to maintain their Buy rating on Costco Wholesale, which currently sits at a price target of $800.
- Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Costco Wholesale with a target price of $850.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Costco Wholesale, targeting a price of $700.
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 Costco Wholesale, 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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