Investors with a lot of money to spend have taken a bullish stance on Lowe's Companies LOW.
And retail traders should know.
We noticed this today when the trades 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 LOW, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Lowe's Companies.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $389,333, and 2 are calls, for a total amount of $57,750.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $270.0 for Lowe's Companies over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lowe's Companies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lowe's Companies's substantial trades, within a strike price spectrum from $230.0 to $270.0 over the preceding 30 days.
Lowe's Companies Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LOW | PUT | SWEEP | BULLISH | 06/20/25 | $20.5 | $18.75 | $19.9 | $230.00 | $111.4K | 154 | 3 |
| LOW | PUT | SWEEP | BULLISH | 01/17/25 | $25.35 | $23.3 | $24.45 | $250.00 | $63.5K | 321 | 45 |
| LOW | PUT | SWEEP | BULLISH | 01/17/25 | $24.85 | $23.6 | $24.2 | $250.00 | $58.0K | 321 | 34 |
| LOW | PUT | SWEEP | BULLISH | 09/20/24 | $11.25 | $10.9 | $10.85 | $230.00 | $57.5K | 1.2K | 114 |
| LOW | PUT | SWEEP | BULLISH | 09/20/24 | $21.0 | $20.2 | $20.2 | $250.00 | $36.3K | 478 | 32 |
About Lowe's Companies
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.
Having examined the options trading patterns of Lowe's Companies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Lowe's Companies
- With a volume of 769,459, the price of LOW is down -0.05% at $237.88.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 46 days.
Professional Analyst Ratings for Lowe's Companies
5 market experts have recently issued ratings for this stock, with a consensus target price of $248.2.
- Reflecting concerns, an analyst from Gordon Haskett lowers its rating to Hold with a new price target of $245.
- Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for Lowe's Companies, targeting a price of $230.
- An analyst from Loop Capital persists with their Hold rating on Lowe's Companies, maintaining a target price of $225.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Lowe's Companies, targeting a price of $271.
- In a cautious move, an analyst from DA Davidson downgraded its rating to Neutral, setting a price target of $270.
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 Lowe's Companies 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 |
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