Whales with a lot of money to spend have taken a noticeably bearish stance on Lamb Weston Hldgs.
Looking at options history for Lamb Weston Hldgs LW we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $60,000 and 9, calls, for a total amount of $401,171.
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 $60.0 and $82.5 for Lamb Weston Hldgs, 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 Lamb Weston Hldgs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lamb Weston Hldgs's significant trades, within a strike price range of $60.0 to $82.5, over the past month.
Lamb Weston Hldgs 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LW | CALL | SWEEP | BEARISH | 05/17/24 | $6.9 | $6.2 | $6.33 | $75.00 | $123.7K | 223 | 200 |
| LW | CALL | TRADE | BULLISH | 04/19/24 | $2.25 | $2.05 | $2.2 | $80.00 | $55.0K | 489 | 614 |
| LW | CALL | TRADE | BULLISH | 04/19/24 | $1.9 | $1.75 | $1.9 | $80.00 | $38.0K | 489 | 1.5K |
| LW | CALL | SWEEP | BULLISH | 01/17/25 | $12.5 | $11.2 | $11.3 | $77.50 | $33.9K | 0 | 56 |
| LW | CALL | TRADE | BEARISH | 05/17/24 | $3.8 | $3.7 | $3.7 | $80.00 | $32.5K | 1.0K | 273 |
About Lamb Weston Hldgs
Lamb Weston is North America's largest and the world's second-largest producer of branded and private-label frozen potato products, both by volume and value. The company's portfolio is anchored by French fries, but it also sells sweet potato fries, tater tots, diced potatoes, mashed potatoes, hash browns, and chips. Nearly 70% of revenue comes from its home market of North America, with none of the other 100 countries the company sells into representing a significant share. McDonald's is Lamb Weston's single largest customer at 13% of fiscal 2023 sales, with no other company representing more than 10%. Lamb Weston became an independent company in 2016 when it was spun off from Conagra.
Having examined the options trading patterns of Lamb Weston Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Lamb Weston Hldgs
- With a trading volume of 4,840,020, the price of LW is up by 0.58%, reaching $82.0.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 109 days from now.
Expert Opinions on Lamb Weston Hldgs
In the last month, 2 experts released ratings on this stock with an average target price of $106.5.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Lamb Weston Hldgs, which currently sits at a price target of $98.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Lamb Weston Hldgs with a target price of $115.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lamb Weston Hldgs options trades with real-time alerts from Benzinga Pro.
© 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.
