Market Whales and Their Recent Bets on DASH Options

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

Looking at options history for DoorDash (NASDAQ:DASH) we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 30% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $69,215 and 8, calls, for a total amount of $401,055.

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 $240.0 to $247.5 for DoorDash during the past quarter.

Volume & Open Interest Development

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 $240.0 to $247.5 in the last 30 days.

DoorDash 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About DoorDash

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?

  • With a volume of 578,863, the price of DASH is down -0.37% at $247.86.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 63 days.

What The Experts Say On DoorDash

In the last month, 5 experts released ratings on this stock with an average target price of $308.0.

Unusual Options Activity Detected: Smart Money on the Move

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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