A whale with a lot of money to spend has taken a noticeably bearish stance on DISH Network.
Looking at options history for DISH Network DISH 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, 2 are puts, for a total amount of $109,500 and 11, calls, for a total amount of $1,459,997.
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 $3.5 to $7.0 for DISH Network over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for DISH Network options trades today is 96.2 with a total volume of 30,794.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DISH Network's big money trades within a strike price range of $3.5 to $7.0 over 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 | CALL | SWEEP | BEARISH | 12/15/23 | $6.00 | $422.0K | 11 | 2.0K |
| DISH | CALL | SWEEP | BEARISH | 09/15/23 | $6.00 | $329.4K | 35 | 2.1K |
| DISH | CALL | SWEEP | BEARISH | 12/15/23 | $7.00 | $324.4K | 29 | 2.0K |
| DISH | CALL | TRADE | BULLISH | 09/15/23 | $6.00 | $77.5K | 35 | 5.3K |
| DISH | CALL | SWEEP | BEARISH | 09/15/23 | $6.00 | $69.1K | 35 | 3.4K |
Where Is DISH Network Standing Right Now?
- With a volume of 5,470,747, the price of DISH is down -5.83% at $6.21.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 70 days.
What The Experts Say On DISH Network:
- Raymond James has decided to maintain their Strong Buy rating on DISH Network, which currently sits at a price target of $21.
- Credit Suisse downgraded its action to Outperform with a price target of $30
- Pivotal Research has decided to maintain their Buy rating on DISH Network, which currently sits at a price target of $20.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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