A whale with a lot of money to spend has taken a noticeably bullish stance on Coupang.
Looking at options history for Coupang CPNG we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $373,405 and 6, calls, for a total amount of $1,206,100.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.5 to $42.5 for Coupang over the last 3 months.
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 Coupang'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 Coupang's whale activity within a strike price range from $12.5 to $42.5 in the last 30 days.
Coupang Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CPNG | CALL | TRADE | BULLISH | 03/25/22 | $17.00 | $833.2K | 259 | 7.5K |
| CPNG | PUT | TRADE | BEARISH | 03/18/22 | $12.50 | $195.0K | 22.7K | 19.5K |
| CPNG | CALL | SWEEP | BULLISH | 08/19/22 | $22.50 | $168.0K | 1.2K | 1 |
| CPNG | CALL | TRADE | NEUTRAL | 04/01/22 | $16.00 | $70.0K | 151 | 1.0K |
| CPNG | CALL | TRADE | BEARISH | 04/01/22 | $16.00 | $60.0K | 151 | 100 |
Where Is Coupang Standing Right Now?
- With a volume of 17,275,803, the price of CPNG is up 12.14% at $17.32.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 56 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
