Check Out What Whales Are Doing With Wayfair

Financial giants have made a conspicuous bullish move on Wayfair. Our analysis of options history for Wayfair W revealed 18 unusual trades.

Delving into the details, we found 61% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $166,600, and 16 were calls, valued at $1,474,780.

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Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $47.5 to $85.0 for Wayfair over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Wayfair stands at 2565.7, with a total volume reaching 12,111.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Wayfair, situated within the strike price corridor from $47.5 to $85.0, throughout the last 30 days.

Wayfair Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
W CALL SWEEP BEARISH 07/12/24 $2.46 $2.31 $2.29 $56.00 $299.9K 2.4K 481
W CALL TRADE BEARISH 07/19/24 $10.75 $9.15 $9.75 $47.50 $292.5K 1.7K 0
W CALL TRADE BULLISH 01/17/25 $3.8 $3.65 $3.76 $85.00 $186.8K 6.4K 323
W PUT SWEEP BEARISH 08/16/24 $4.1 $4.0 $4.1 $55.00 $123.0K 7.4K 337
W CALL TRADE NEUTRAL 01/17/25 $3.65 $3.55 $3.6 $85.00 $114.8K 6.4K 2

About Wayfair

Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland. At the end of 2023, the firm offered more than 30 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.

Present Market Standing of Wayfair

  • Currently trading with a volume of 2,465,348, the W's price is up by 4.84%, now at $57.92.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 20 days.

What Analysts Are Saying About Wayfair

In the last month, 1 experts released ratings on this stock with an average target price of $50.0.

  • An analyst from Loop Capital has decided to maintain their Hold rating on Wayfair, which currently sits at a price target of $50.

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

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WWayfair Inc
$44.90-0.04%

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