What Are Whales Doing With DoorDash

A whale with a lot of money to spend has taken a noticeably bullish stance on DoorDash.

Looking at options history for DoorDash DASH we detected 16 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, 9 are puts, for a total amount of $408,125 and 7, calls, for a total amount of $404,340.

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 $70.0 to $110.0 for DoorDash 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 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 $70.0 to $110.0 in the last 30 days.

DoorDash Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DASH CALL TRADE BULLISH 03/18/22 $70.00 $185.0K 17 100
DASH PUT SWEEP BEARISH 03/18/22 $85.00 $84.0K 1.2K 501
DASH CALL TRADE BULLISH 05/20/22 $80.00 $69.4K 75 40
DASH PUT TRADE BEARISH 01/20/23 $70.00 $67.7K 787 50
DASH PUT TRADE BULLISH 06/17/22 $85.00 $67.5K 438 50

Where Is DoorDash Standing Right Now?

  • With a volume of 2,412,576, the price of DASH is up 10.61% at $88.23.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 57 days.

What The Experts Say On DoorDash:

  • JMP Securities has decided to maintain their Market Outperform rating on DoorDash, which currently sits at a price target of $200.
  • JP Morgan has decided to maintain their Neutral rating on DoorDash, which currently sits at a price target of $162.
  • RBC Capital has decided to maintain their Outperform rating on DoorDash, which currently sits at a price target of $142.
  • Needham has decided to maintain their Buy rating on DoorDash, which currently sits at a price target of $160.

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.

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Posted In: OptionsMarketsBZI-UOA
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