High-rolling investors have positioned themselves bullish on Lamb Weston Hldgs LW, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in LW often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 14 options trades for Lamb Weston Hldgs. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $29,205, and 13 calls, totaling $668,030.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $100.0 for Lamb Weston Hldgs during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Lamb Weston Hldgs stands at 665.12, with a total volume reaching 1,510.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lamb Weston Hldgs, situated within the strike price corridor from $65.0 to $100.0, throughout the last 30 days.
Lamb Weston Hldgs Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LW | CALL | SWEEP | BEARISH | 01/17/25 | $4.2 | $3.9 | $3.9 | $100.00 | $134.6K | 99 | 1 |
| LW | CALL | SWEEP | BEARISH | 10/18/24 | $4.3 | $4.1 | $4.1 | $92.50 | $82.0K | 273 | 0 |
| LW | CALL | SWEEP | BULLISH | 06/21/24 | $2.4 | $2.3 | $2.4 | $85.00 | $71.7K | 1.5K | 11 |
| LW | CALL | SWEEP | NEUTRAL | 01/16/26 | $26.0 | $25.2 | $25.6 | $65.00 | $53.7K | 187 | 14 |
| LW | CALL | SWEEP | BULLISH | 05/17/24 | $5.2 | $5.0 | $5.2 | $77.50 | $51.9K | 291 | 139 |
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
Where Is Lamb Weston Hldgs Standing Right Now?
- With a volume of 3,104,053, the price of LW is up 2.64% at $82.06.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 98 days.
Professional Analyst Ratings for Lamb Weston Hldgs
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $107.4.
- An analyst from Stifel has decided to maintain their Buy rating on Lamb Weston Hldgs, which currently sits at a price target of $115.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Lamb Weston Hldgs, targeting a price of $106.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Lamb Weston Hldgs, targeting a price of $113.
- An analyst from Barclays has decided to maintain their Overweight rating on Lamb Weston Hldgs, which currently sits at a price target of $105.
- 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.
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 |
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