W.W. Grainger Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bearish stance on W.W. Grainger GWW.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GWW, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 13 uncommon options trades for W.W. Grainger.

This isn't normal.

The overall sentiment of these big-money traders is split between 23% bullish and 69%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $349,880, and 6 are calls, for a total amount of $757,355.

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 $870.0 to $960.0 for W.W. Grainger during the past quarter.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in W.W. Grainger's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to W.W. Grainger's substantial trades, within a strike price spectrum from $870.0 to $960.0 over the preceding 30 days.

W.W. Grainger Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
GWW CALL SWEEP BEARISH 05/17/24 $25.0 $23.0 $23.0 $940.00 $305.8K 503 200
GWW CALL TRADE BEARISH 06/21/24 $21.5 $19.9 $19.9 $960.00 $198.9K 49 101
GWW CALL TRADE BULLISH 06/21/24 $33.5 $31.6 $33.5 $940.00 $100.5K 157 20
GWW PUT SWEEP BEARISH 10/18/24 $14.7 $13.4 $14.7 $870.00 $64.6K 7 138
GWW CALL TRADE BULLISH 06/21/24 $28.7 $27.4 $28.5 $950.00 $57.0K 180 50

About W.W. Grainger

W.W. Grainger distributes approximately 1.5 million maintenance, repair, and operating products that are sourced from over 4,500 suppliers. The company serves roughly 5 million customers through its online and electronic purchasing platforms, vending machines, catalog distribution, and network of over 300 global branches. In recent years, Grainger has invested in its e-commerce capabilities and is the 11th-largest e-retailer in North America.

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

Current Position of W.W. Grainger

  • Currently trading with a volume of 84,330, the GWW's price is up by 0.21%, now at $956.21.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 76 days.

Professional Analyst Ratings for W.W. Grainger

In the last month, 2 experts released ratings on this stock with an average target price of $1112.5.

  • Showing optimism, an analyst from Stephens & Co. upgrades its rating to Overweight with a revised price target of $1250.
  • An analyst from Loop Capital has decided to maintain their Hold rating on W.W. Grainger, which currently sits at a price target of $975.

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 W.W. Grainger with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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