Dow Unusual Options Activity For June 02

A whale with a lot of money to spend has taken a noticeably bearish stance on Dow.

Looking at options history for Dow DOW we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 15% of the investors opened trades with bullish expectations and 84% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $165,360 and 11, calls, for a total amount of $608,854.

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 $45.0 to $53.0 for Dow 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 Dow'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 Dow's whale trades within a strike price range from $45.0 to $53.0 in the last 30 days.

Dow Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DOW PUT SWEEP BEARISH 07/21/23 $50.00 $113.0K 2.0K 1.4K
DOW CALL SWEEP BEARISH 06/30/23 $53.00 $96.6K 111 35
DOW CALL SWEEP BEARISH 06/30/23 $53.00 $94.8K 111 3.9K
DOW CALL SWEEP BEARISH 06/16/23 $52.00 $92.8K 606 1.7K
DOW CALL TRADE BEARISH 06/09/23 $51.00 $62.1K 196 1.1K

Where Is Dow Standing Right Now?

  • With a volume of 4,106,716, the price of DOW is up 5.11% at $51.51.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 48 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 Dow, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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