Looking At Analog Devices's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Analog Devices ADI.

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 ADI, 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 10 uncommon options trades for Analog Devices.

This isn't normal.

The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $91,040, and 7 are calls, for a total amount of $299,070.

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 $180.0 to $210.0 for Analog Devices 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 Analog Devices'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 Analog Devices's whale trades within a strike price range from $180.0 to $210.0 in the last 30 days.

Analog Devices 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
ADI CALL TRADE BEARISH 09/15/23 $200.00 $55.7K 1.6K 1.0K
ADI CALL SWEEP BULLISH 09/15/23 $200.00 $54.0K 1.6K 802
ADI CALL SWEEP BULLISH 09/15/23 $200.00 $48.8K 1.6K 182
ADI CALL SWEEP BULLISH 09/15/23 $200.00 $48.6K 1.6K 200
ADI PUT TRADE BULLISH 07/21/23 $210.00 $38.0K 20 0

Where Is Analog Devices Standing Right Now?

  • With a volume of 250,492, the price of ADI is down -8.83% at $171.34.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 0 days.

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 Analog Devices, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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