Looking At Estee Lauder Cos's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Estee Lauder Cos EL.

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 EL, 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 13 uncommon options trades for Estee Lauder Cos.

This isn't normal.

The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.

Out of all of the special options we uncovered, 11 are puts, for a total amount of $791,450, and 2 are calls, for a total amount of $118,482.

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 $105.0 to $210.0 for Estee Lauder Cos 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 Estee Lauder Cos'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 Estee Lauder Cos's whale trades within a strike price range from $105.0 to $210.0 in the last 30 days.

Estee Lauder Cos 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
EL PUT TRADE BULLISH 11/17/23 $155.00 $230.0K 524 264
EL PUT TRADE NEUTRAL 06/21/24 $110.00 $112.0K 17 700
EL PUT TRADE BULLISH 06/21/24 $110.00 $112.0K 17 350
EL CALL TRADE BULLISH 11/17/23 $175.00 $85.0K 677 58
EL PUT SWEEP BULLISH 06/21/24 $135.00 $66.9K 161 77

Where Is Estee Lauder Cos Standing Right Now?

  • With a volume of 706,105, the price of EL is up 0.49% at $152.04.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 49 days.

What The Experts Say On Estee Lauder Cos:

  • Deutsche Bank has decided to maintain their Buy rating on Estee Lauder Cos, which currently sits at a price target of $199.
  • JP Morgan has decided to maintain their Overweight rating on Estee Lauder Cos, which currently sits at a price target of $191.
  • Morgan Stanley has decided to maintain their Overweight rating on Estee Lauder Cos, which currently sits at a price target of $200.
  • Telsey Advisory Group has decided to maintain their Outperform rating on Estee Lauder Cos, which currently sits at a price target of $210.
  • B of A Securities has decided to maintain their Neutral rating on Estee Lauder Cos, which currently sits at a price target of $175.

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 Estee Lauder Cos, 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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