Financial giants have made a conspicuous bullish move on DoorDash. Our analysis of options history for DoorDash DASH revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 22% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $295,643, and 2 were calls, valued at $111,235.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $150.0 for DoorDash over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for DoorDash's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across DoorDash's significant trades, within a strike price range of $105.0 to $150.0, over the past month.
DoorDash Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DASH | CALL | TRADE | BULLISH | 05/03/24 | $7.15 | $6.65 | $7.1 | $129.00 | $71.0K | 185 | 0 |
| DASH | PUT | SWEEP | BULLISH | 11/15/24 | $12.35 | $12.1 | $12.1 | $120.00 | $70.1K | 121 | 0 |
| DASH | PUT | SWEEP | BULLISH | 11/15/24 | $12.65 | $12.15 | $12.15 | $120.00 | $49.8K | 121 | 99 |
| DASH | PUT | SWEEP | BULLISH | 11/15/24 | $7.4 | $7.1 | $7.15 | $105.00 | $41.4K | 890 | 58 |
| DASH | CALL | TRADE | NEUTRAL | 01/16/26 | $31.3 | $30.5 | $30.95 | $150.00 | $40.2K | 2.0K | 13 |
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.
In light of the recent options history for DoorDash, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of DoorDash
- With a volume of 942,765, the price of DASH is down -0.29% at $131.74.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 1 days.
What Analysts Are Saying About DoorDash
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $154.8.
- An analyst from Oppenheimer persists with their Outperform rating on DoorDash, maintaining a target price of $150.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for DoorDash, targeting a price of $125.
- An analyst from Loop Capital has revised its rating downward to Buy, adjusting the price target to $170.
- In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $165.
- In a positive move, an analyst from MoffettNathanson has upgraded their rating to Buy and adjusted the price target to $164.
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.
© 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.
