A whale with a lot of money to spend has taken a noticeably bearish stance on Dick's Sporting Goods.
Looking at options history for Dick's Sporting Goods DKS we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $3,557,861 and 4, calls, for a total amount of $346,311.
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 $115.0 to $160.0 for Dick's Sporting Goods over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Dick's Sporting Goods'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 Dick's Sporting Goods's whale trades within a strike price range from $115.0 to $160.0 in the last 30 days.
Dick's Sporting Goods 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 |
|---|---|---|---|---|---|---|---|---|
| DKS | PUT | TRADE | BEARISH | 01/17/25 | $140.00 | $2.2M | 75 | 850 |
| DKS | PUT | SWEEP | BEARISH | 04/21/23 | $142.00 | $842.1K | 0 | 1.9K |
| DKS | PUT | SWEEP | BEARISH | 03/31/23 | $145.00 | $232.2K | 119 | 816 |
| DKS | CALL | TRADE | BULLISH | 01/17/25 | $125.00 | $211.0K | 15 | 50 |
| DKS | PUT | SWEEP | BEARISH | 01/17/25 | $115.00 | $118.4K | 5 | 117 |
Where Is Dick's Sporting Goods Standing Right Now?
- With a volume of 396,072, the price of DKS is down -1.69% at $144.16.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 63 days.
What The Experts Say On Dick's Sporting Goods:
- Telsey Advisory Group has decided to maintain their Outperform rating on Dick's Sporting Goods, which currently sits at a price target of $165.
- Telsey Advisory Group downgraded its action to Outperform with a price target of $165
- Telsey Advisory Group downgraded its action to Outperform with a price target of $135
- Morgan Stanley has decided to maintain their Overweight rating on Dick's Sporting Goods, which currently sits at a price target of $175.
- Evercore ISI Group has decided to maintain their Outperform rating on Dick's Sporting Goods, which currently sits at a price target of $200.
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 Dick's Sporting Goods, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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