Investors with a lot of money to spend have taken a bearish stance on Williams-Sonoma WSM.
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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with WSM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Williams-Sonoma.
This isn't normal.
The overall sentiment of these big-money traders is split between 21% bullish and 78%, bearish.
Out of all of the options we uncovered, 13 are puts, for a total amount of $761,243, and there was 1 call, for a total amount of $38,400.
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 $200.0 and $310.0 for Williams-Sonoma, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Williams-Sonoma options trades today is 410.43 with a total volume of 1,307.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Williams-Sonoma's big money trades within a strike price range of $200.0 to $310.0 over the last 30 days.
Williams-Sonoma 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WSM | PUT | SWEEP | BEARISH | 06/21/24 | $11.8 | $11.7 | $11.8 | $280.00 | $133.3K | 649 | 75 |
| WSM | PUT | SWEEP | BULLISH | 01/17/25 | $6.2 | $6.2 | $6.2 | $200.00 | $96.1K | 173 | 237 |
| WSM | PUT | SWEEP | BEARISH | 06/21/24 | $5.0 | $3.2 | $4.4 | $250.00 | $88.4K | 290 | 134 |
| WSM | PUT | SWEEP | BULLISH | 06/21/24 | $8.7 | $8.6 | $8.6 | $270.00 | $76.6K | 75 | 96 |
| WSM | PUT | SWEEP | BULLISH | 06/21/24 | $9.3 | $9.0 | $9.1 | $270.00 | $69.1K | 75 | 173 |
About Williams-Sonoma
With a retail and direct-to-consumer presence, Williams-Sonoma is a player in the $300 billion domestic home category and $450 billion international home market, focused on expanding its exposure in the B2B ($80 billion total addressable market), marketplace, and franchise areas. Namesake Williams-Sonoma (156 stores) offers high-end cooking essentials, while Pottery Barn (184) provides casual home accessories. Brand extensions include Pottery Barn Kids (46) and PBteen. West Elm (121) is an emerging concept for young professionals, and Rejuvenation (11) offers lighting and house parts. Williams-Sonoma also has a business-to-business team that supports projects that range from residential to large-scale commercial.
Having examined the options trading patterns of Williams-Sonoma, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Williams-Sonoma Standing Right Now?
- Currently trading with a volume of 516,228, the WSM's price is down by -3.49%, now at $298.22.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 41 days.
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 Williams-Sonoma with Benzinga Pro for real-time 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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