A whale with a lot of money to spend has taken a noticeably bearish stance on Costco Wholesale.
Looking at options history for Costco Wholesale COST we detected 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $350,993 and 5, calls, for a total amount of $172,323.
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 $475.0 to $880.0 for Costco Wholesale over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Costco Wholesale options trades today is 606.44 with a total volume of 264.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Costco Wholesale's big money trades within a strike price range of $475.0 to $880.0 over the last 30 days.
Costco Wholesale 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 |
|---|---|---|---|---|---|---|---|---|
| COST | PUT | SWEEP | BULLISH | 01/20/23 | $475.00 | $77.1K | 871 | 154 |
| COST | CALL | TRADE | BULLISH | 01/20/23 | $500.00 | $62.1K | 1.2K | 15 |
| COST | PUT | TRADE | NEUTRAL | 03/17/23 | $490.00 | $55.1K | 227 | 32 |
| COST | PUT | SWEEP | BULLISH | 01/19/24 | $540.00 | $48.6K | 701 | 12 |
| COST | PUT | TRADE | BULLISH | 01/20/23 | $880.00 | $35.5K | 0 | 6 |
Where Is Costco Wholesale Standing Right Now?
- With a volume of 476,969, the price of COST is up 0.05% at $523.92.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 17 days.
What The Experts Say On Costco Wholesale:
- Wells Fargo downgraded its action to Equal-Weight with a price target of $490
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 Costco Wholesale, Benzinga Pro gives you real-time options trades alerts.
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