This Is What Whales Are Betting On Edwards Lifesciences

Someone with a lot of money to spend has taken a bullish stance on Edwards Lifesciences EW.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with EW, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Edwards Lifesciences.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $472,760, and 4 are calls, for a total amount of $257,000.

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 $75.0 to $95.0 for Edwards Lifesciences 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 Edwards Lifesciences'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 Edwards Lifesciences's whale trades within a strike price range from $75.0 to $95.0 in the last 30 days.

Edwards Lifesciences 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
EW PUT TRADE BULLISH 06/16/23 $90.00 $192.0K 72 400
EW CALL SWEEP BULLISH 01/19/24 $95.00 $99.4K 289 81
EW CALL SWEEP BULLISH 05/19/23 $85.00 $72.0K 1.5K 344
EW PUT SWEEP BEARISH 05/19/23 $90.00 $59.5K 246 279
EW PUT TRADE BEARISH 01/19/24 $90.00 $55.6K 65 69

Where Is Edwards Lifesciences Standing Right Now?

  • With a volume of 3,093,277, the price of EW is down -0.42% at $87.4.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Edwards Lifesciences:

  • Truist Securities has decided to maintain their Buy rating on Edwards Lifesciences, which currently sits at a price target of $93.
  • Stifel has decided to maintain their Hold rating on Edwards Lifesciences, which currently sits at a price target of $87.
  • Mizuho has decided to maintain their Buy rating on Edwards Lifesciences, which currently sits at a price target of $95.
  • Citigroup has decided to maintain their Buy rating on Edwards Lifesciences, which currently sits at a price target of $97.
  • UBS downgraded its action to Neutral with a price target of $84

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 Edwards Lifesciences, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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