DoorDash's Options: A Look at What the Big Money is Thinking

Whales with a lot of money to spend have taken a noticeably bearish stance on DoorDash.

Looking at options history for DoorDash DASH we detected 13 trades.

If we consider the specifics of each trade, it is accurate to state that 15% of the investors opened trades with bullish expectations and 84% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $424,830 and 7, calls, for a total amount of $1,850,675.

Latest Startup Investment Opportunities:

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 $95.0 to $135.0 for DoorDash during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for DoorDash's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of DoorDash's whale trades within a strike price range from $95.0 to $135.0 in the last 30 days.

DoorDash Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About DoorDash

Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDash provides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers.

Following our analysis of the options activities associated with DoorDash, we pivot to a closer look at the company's own performance.

Current Position of DoorDash

• Trading volume stands at 3,077,322, with DASH's price up by 0.21%, positioned at $127.03.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 6 days.

What The Experts Say On DoorDash

In the last month, 5 experts released ratings on this stock with an average target price of $155.8.

• An analyst from Wells Fargo persists with their Equal-Weight rating on DoorDash, maintaining a target price of $125.
• Showing optimism, an analyst from MoffettNathanson upgrades its rating to Buy with a revised price target of $164.
• An analyst from Benchmark downgraded its action to Buy with a price target of $165.
• Reflecting concerns, an analyst from Loop Capital lowers its rating to Buy with a new price target of $170.
• An analyst from Deutsche Bank has decided to maintain their Buy rating on DoorDash, which currently sits at a price target of $155.

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 DoorDash options trades with real-time alerts from Benzinga Pro.