A whale with a lot of money to spend has taken a noticeably bearish stance on Floor & Decor Hldgs.
Looking at options history for Floor & Decor Hldgs FND we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $593,313 and 2, calls, for a total amount of $81,459.
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 $85.0 to $90.0 for Floor & Decor Hldgs over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Floor & Decor Hldgs options trades today is 683.67 with a total volume of 5,392.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Floor & Decor Hldgs's big money trades within a strike price range of $85.0 to $90.0 over the last 30 days.
Floor & Decor Hldgs 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 |
|---|---|---|---|---|---|---|---|---|
| FND | PUT | TRADE | BULLISH | 01/19/24 | $85.00 | $270.0K | 1.5K | 454 |
| FND | PUT | SWEEP | BEARISH | 12/15/23 | $85.00 | $74.3K | 139 | 991 |
| FND | PUT | TRADE | BEARISH | 12/15/23 | $85.00 | $74.2K | 139 | 839 |
| FND | PUT | SWEEP | BEARISH | 12/15/23 | $85.00 | $47.3K | 139 | 567 |
| FND | CALL | SWEEP | BULLISH | 11/17/23 | $90.00 | $46.4K | 339 | 428 |
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Where Is Floor & Decor Hldgs Standing Right Now?
- With a volume of 2,777,402, the price of FND is down -8.33% at $76.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 0 days.
What The Experts Say On Floor & Decor Hldgs:
- Truist Securities has decided to maintain their Buy rating on Floor & Decor Hldgs, which currently sits at a price target of $110.
- Citigroup downgraded its action to Neutral with a price target of $90
- Jefferies has decided to maintain their Hold rating on Floor & Decor Hldgs, which currently sits at a price target of $93.
- Barclays has decided to maintain their Underweight rating on Floor & Decor Hldgs, which currently sits at a price target of $80.
- Citigroup downgraded its action to Neutral with a price target of $90
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 Floor & Decor Hldgs, Benzinga Pro gives you real-time options trades alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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