Applied Optoelectronics Unusual Options Activity

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

Looking at options history for Applied Optoelectronics AAOI we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $139,206 and 7, calls, for a total amount of $381,486.

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 $10.0 to $20.0 for Applied Optoelectronics 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 Applied Optoelectronics'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 Applied Optoelectronics's whale trades within a strike price range from $10.0 to $20.0 in the last 30 days.

Applied Optoelectronics 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
AAOI CALL SWEEP BEARISH 09/15/23 $12.50 $115.9K 4.7K 801
AAOI CALL SWEEP BULLISH 03/15/24 $10.00 $53.2K 391 96
AAOI CALL TRADE BEARISH 09/15/23 $17.50 $51.0K 950 591
AAOI CALL SWEEP NEUTRAL 09/15/23 $20.00 $46.8K 5.0K 487
AAOI CALL TRADE BEARISH 08/18/23 $10.00 $44.0K 4.2K 288

Where Is Applied Optoelectronics Standing Right Now?

  • With a volume of 8,200,108, the price of AAOI is up 19.65% at $14.55.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 84 days.

What The Experts Say On Applied Optoelectronics:

  • B. Riley Securities upgraded its action to Buy with a price target of $11

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 Applied Optoelectronics, Benzinga Pro gives you real-time options trades alerts.

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AAOIApplied Optoelectronics Inc
$14.60-1.08%

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