A whale with a lot of money to spend has taken a noticeably bullish stance on DISH Network.
Looking at options history for DISH Network DISH we detected 10 strange 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, 5 are puts, for a total amount of $2,222,269 and 5, calls, for a total amount of $347,712.
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 $2.5 to $17.5 for DISH Network 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 DISH Network'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 DISH Network's whale trades within a strike price range from $2.5 to $17.5 in the last 30 days.
DISH Network 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 |
|---|---|---|---|---|---|---|---|---|
| DISH | PUT | TRADE | BULLISH | 01/19/24 | $10.00 | $1.7M | 49.0K | 5.0K |
| DISH | PUT | TRADE | BULLISH | 06/16/23 | $17.50 | $335.5K | 1.2K | 400 |
| DISH | CALL | TRADE | BULLISH | 06/16/23 | $15.00 | $135.0K | 3.4K | 5.0K |
| DISH | PUT | SWEEP | BEARISH | 09/15/23 | $7.50 | $105.7K | 20.1K | 3.0K |
| DISH | CALL | TRADE | BULLISH | 04/14/23 | $2.50 | $61.4K | 0 | 100 |
Where Is DISH Network Standing Right Now?
- With a volume of 5,730,007, the price of DISH is down -2.71% at $8.6.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 42 days.
What The Experts Say On DISH Network:
- B of A Securities downgraded its action to Underperform with a price target of $10
- RBC Capital has decided to maintain their Sector Perform rating on DISH Network, which currently sits at a price target of $15.
- Raymond James has decided to maintain their Strong Buy rating on DISH Network, which currently sits at a price target of $27.
- JP Morgan has decided to maintain their Neutral rating on DISH Network, which currently sits at a price target of $18.
- Citigroup has decided to maintain their Buy rating on DISH Network, which currently sits at a price target of $18.
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 DISH Network, Benzinga Pro gives you real-time options trades alerts.
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