Unpacking the Latest Options Trading Trends in DoorDash

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

Looking at options history for DoorDash DASH we detected 25 trades.

If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $1,503,302 and 8, calls, for a total amount of $272,941.

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 $105.0 to $150.0 for DoorDash during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $105.0 to $150.0 in the last 30 days.

DoorDash 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
DASH PUT TRADE NEUTRAL 08/16/24 $40.25 $38.45 $39.2 $150.00 $297.9K 97 126
DASH PUT TRADE NEUTRAL 08/16/24 $37.8 $36.5 $37.2 $150.00 $230.6K 97 0
DASH PUT TRADE BULLISH 08/16/24 $37.75 $36.85 $37.1 $150.00 $230.0K 97 62
DASH PUT TRADE NEUTRAL 08/16/24 $34.85 $34.1 $34.45 $145.00 $186.0K 337 1
DASH PUT TRADE BEARISH 08/16/24 $14.7 $14.55 $14.65 $120.00 $104.0K 1.8K 98

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.

Having examined the options trading patterns of DoorDash, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is DoorDash Standing Right Now?

  • Currently trading with a volume of 2,514,544, the DASH's price is down by -3.37%, now at $111.66.
  • RSI readings suggest the stock is currently may be oversold.
  • Anticipated earnings release is in 84 days.

What The Experts Say On DoorDash

In the last month, 5 experts released ratings on this stock with an average target price of $133.4.

  • An analyst from BMO Capital persists with their Outperform rating on DoorDash, maintaining a target price of $127.
  • An analyst from Citigroup has decided to maintain their Buy rating on DoorDash, which currently sits at a price target of $144.
  • An analyst from JP Morgan persists with their Neutral rating on DoorDash, maintaining a target price of $111.
  • An analyst from JMP Securities has decided to maintain their Market Outperform rating on DoorDash, which currently sits at a price target of $140.
  • Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on DoorDash with a target price of $145.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for DoorDash, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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