This Is What Whales Are Betting On Applied Optoelectronics

Someone with a lot of money to spend has taken a bearish stance on Applied Optoelectronics AAOI.

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 AAOI, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 15 options trades for Applied Optoelectronics.

This isn't normal.

The overall sentiment of these big-money traders is split between 26% bullish and 73%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $40,280, and 14, calls, for a total amount of $1,009,608..

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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 $5.0 to $12.5 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 $5.0 to $12.5 in the last 30 days.

Applied Optoelectronics Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Applied Optoelectronics Standing Right Now?

• With a volume of 2,683,961, the price of AAOI is down -0.31% at $12.89.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 76 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.