Smart Money Is Betting Big In AZO Options

High-rolling investors have positioned themselves bearish on AutoZone AZO, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AZO often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 10 options trades for AutoZone. This is not a typical pattern.

The sentiment among these major traders is split, with 30% bullish and 40% bearish. Among all the options we identified, there was one put, amounting to $39,440, and 9 calls, totaling $508,500.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2500.0 to $3300.0 for AutoZone during the past quarter.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for AutoZone options trades today is 36.88 with a total volume of 24.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for AutoZone's big money trades within a strike price range of $2500.0 to $3300.0 over the last 30 days.

AutoZone 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
AZO CALL TRADE BULLISH 12/19/25 $262.0 $248.0 $262.0 $3300.00 $131.0K 6 0
AZO CALL SWEEP BEARISH 09/20/24 $101.5 $95.0 $95.0 $3000.00 $76.0K 78 2
AZO CALL TRADE BULLISH 12/19/25 $567.8 $550.0 $561.0 $2700.00 $56.1K 1 0
AZO CALL TRADE BEARISH 01/17/25 $559.0 $546.0 $551.0 $2500.00 $55.1K 22 1
AZO CALL TRADE BULLISH 01/17/25 $528.8 $518.0 $525.0 $2500.00 $52.5K 22 0

About AutoZone

AutoZone operates as a leading retailer of aftermarket automotive parts in the United States. The firm operates over 6,300 stores domestically, serving both the do-it-yourself and commercial (do-it-for-me) end markets. Through its vast store footprint and distribution network, AutoZone manages a wide array of stock-keeping units applicable to numerous vehicle makes and models, providing its consumers with ample product availability. The firm drives traffic by providing superior and convenient customer service as AutoZone's team of knowledgeable staff assists consumers with diagnosing a vehicle's problem, selecting the necessary part for replacement, and in some instances, installation. The company also operates internationally, with over 750 stores in Mexico and more than 100 in Brazil.

Following our analysis of the options activities associated with AutoZone, we pivot to a closer look at the company's own performance.

Where Is AutoZone Standing Right Now?

  • With a volume of 63,629, the price of AZO is up 2.3% at $2948.11.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 67 days.

What The Experts Say On AutoZone

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $3115.6.

  • An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $3200.
  • Maintaining their stance, an analyst from Oppenheimer continues to hold a Perform rating for AutoZone, targeting a price of $2600.
  • Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for AutoZone, targeting a price of $3278.
  • An analyst from Evercore ISI Group persists with their Outperform rating on AutoZone, maintaining a target price of $3275.
  • Consistent in their evaluation, an analyst from Guggenheim keeps a Buy rating on AutoZone with a target price of $3225.

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 AutoZone with Benzinga Pro for real-time alerts.

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AZOAutoZone Inc
$3713.931.77%

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Momentum
78.10
Growth
27.94
Quality
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Value
24.85
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