Deep-pocketed investors have adopted a bearish approach towards Estee Lauder Cos EL, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in EL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Estee Lauder Cos. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 47% leaning bullish and 52% bearish. Among these notable options, 3 are puts, totaling $334,740, and 14 are calls, amounting to $972,100.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $150.0 for Estee Lauder Cos during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Estee Lauder Cos's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Estee Lauder Cos's substantial trades, within a strike price spectrum from $110.0 to $150.0 over the preceding 30 days.
Estee Lauder Cos Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EL | CALL | TRADE | BULLISH | 05/17/24 | $9.8 | $9.6 | $9.8 | $140.00 | $490.0K | 423 | 484 |
| EL | PUT | TRADE | BULLISH | 01/16/26 | $12.0 | $10.5 | $10.5 | $110.00 | $210.0K | 421 | 202 |
| EL | CALL | TRADE | BEARISH | 04/19/24 | $6.1 | $5.1 | $5.5 | $139.00 | $71.5K | 497 | 228 |
| EL | CALL | SWEEP | BULLISH | 04/19/24 | $9.2 | $7.7 | $9.2 | $135.00 | $69.9K | 1.9K | 8 |
| EL | PUT | SWEEP | BEARISH | 05/17/24 | $6.6 | $6.4 | $6.6 | $140.00 | $67.9K | 1.0K | 29 |
About Estee Lauder Cos
Estee Lauder is a leader in the global prestige beauty market, participating across skin care (52% of 2023 sales), makeup (28%), fragrance (16%), and hair care (4%) categories, with top-selling brands such as Estee Lauder, Clinique, M.A.C, La Mer, Jo Malone London, Aveda, Bobbi Brown, and Origins. The firm operates in more than 150 countries, generating 28% of revenue from the Americas, 39% from Europe, the Middle East and Africa (including travel retail), and 33% from Asia-Pacific. Estee Lauder sells its products through department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.
Following our analysis of the options activities associated with Estee Lauder Cos, we pivot to a closer look at the company's own performance.
Where Is Estee Lauder Cos Standing Right Now?
- With a volume of 2,453,103, the price of EL is up 3.9% at $143.42.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 13 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 Estee Lauder Cos 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 |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
