This Is What Whales Are Betting On Autodesk

Someone with a lot of money to spend has taken a bearish stance on Autodesk ADSK.

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 ADSK, 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 Autodesk.

This isn't normal.

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

Out of all of the special options we uncovered, 4 are puts, for a total amount of $175,020, and 6 are calls, for a total amount of $224,340.

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 $160.0 to $200.0 for Autodesk over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Autodesk options trades today is 170.44 with a total volume of 779.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Autodesk's big money trades within a strike price range of $160.0 to $200.0 over the last 30 days.

Autodesk 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
ADSK CALL TRADE BEARISH 07/21/23 $195.00 $68.5K 145 50
ADSK PUT SWEEP BEARISH 10/20/23 $200.00 $62.6K 66 47
ADSK PUT SWEEP BULLISH 05/26/23 $195.00 $51.0K 44 69
ADSK CALL TRADE BEARISH 07/21/23 $200.00 $37.4K 848 37
ADSK CALL TRADE NEUTRAL 06/16/23 $190.00 $33.6K 65 44

Where Is Autodesk Standing Right Now?

  • With a volume of 1,034,570, the price of ADSK is up 0.28% at $197.31.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • 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 Autodesk, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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