Deep-pocketed investors have adopted a bullish approach towards Williams-Sonoma WSM, 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 WSM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Williams-Sonoma. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 5 are puts, totaling $195,050, and 3 are calls, amounting to $125,190.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $400.0 for Williams-Sonoma during the past quarter.
Volume & Open Interest Trends
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 Williams-Sonoma'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 Williams-Sonoma's whale trades within a strike price range from $200.0 to $400.0 in the last 30 days.
Williams-Sonoma 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WSM | PUT | TRADE | BEARISH | 06/21/24 | $19.9 | $19.5 | $19.9 | $290.00 | $51.7K | 510 | 55 |
| WSM | CALL | TRADE | BEARISH | 10/18/24 | $31.5 | $30.6 | $30.7 | $290.00 | $46.0K | 1 | 17 |
| WSM | CALL | SWEEP | BEARISH | 01/17/25 | $8.7 | $8.7 | $8.7 | $400.00 | $43.4K | 56 | 50 |
| WSM | PUT | TRADE | BULLISH | 05/17/24 | $10.2 | $9.9 | $9.9 | $290.00 | $39.6K | 177 | 40 |
| WSM | PUT | SWEEP | BEARISH | 01/17/25 | $6.5 | $6.1 | $6.5 | $200.00 | $39.0K | 339 | 60 |
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.
Following our analysis of the options activities associated with Williams-Sonoma, we pivot to a closer look at the company's own performance.
Williams-Sonoma's Current Market Status
- With a trading volume of 377,747, the price of WSM is up by 1.2%, reaching $285.56.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 22 days from now.
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 Williams-Sonoma options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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