Someone with a lot of money to spend has taken a bearish stance on Digital Realty Trust DLR.
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 DLR, 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 11 uncommon options trades for Digital Realty Trust.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $1,473,972, and 6 are calls, for a total amount of $268,700.
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 $80.0 to $135.0 for Digital Realty Trust over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Digital Realty Trust options trades today is 825.38 with a total volume of 2,423.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Digital Realty Trust's big money trades within a strike price range of $80.0 to $135.0 over the last 30 days.
Digital Realty Trust 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 |
|---|---|---|---|---|---|---|---|---|
| DLR | PUT | SWEEP | BEARISH | 06/21/24 | $135.00 | $737.7K | 0 | 452 |
| DLR | PUT | SWEEP | BEARISH | 06/21/24 | $135.00 | $584.3K | 0 | 453 |
| DLR | CALL | SWEEP | BULLISH | 09/15/23 | $130.00 | $90.0K | 3.0K | 300 |
| DLR | PUT | SWEEP | BEARISH | 10/20/23 | $110.00 | $87.0K | 1.1K | 1.0K |
| DLR | CALL | TRADE | BEARISH | 06/21/24 | $80.00 | $41.1K | 0 | 8 |
Where Is Digital Realty Trust Standing Right Now?
- With a volume of 847,173, the price of DLR is up 3.22% at $129.82.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 62 days.
What The Experts Say On Digital Realty Trust:
- Barclays has decided to maintain their Underweight rating on Digital Realty Trust, which currently sits at a price target of $94.
- Citigroup has decided to maintain their Buy rating on Digital Realty Trust, which currently sits at a price target of $136.
- RBC Capital has decided to maintain their Outperformer rating on Digital Realty Trust, which currently sits at a price target of $140.
- Raymond James has decided to maintain their Strong Buy rating on Digital Realty Trust, which currently sits at a price target of $140.
- Exane BNP Paribas upgraded its action to Outperform with a price target of $138
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 Digital Realty Trust, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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