Investors with significant funds have taken a bearish position in Thor Industries THO, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in THO usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 10 options transactions for Thor Industries. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 30% being bullish and 70% bearish. Of all the options we discovered, 9 are puts, valued at $367,402, and there was a single call, worth $40,040.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $120.0 for Thor Industries during the past quarter.
Volume & Open Interest Trends
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 Thor Industries'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 Thor Industries's whale trades within a strike price range from $100.0 to $120.0 in the last 30 days.
Thor Industries Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| THO | PUT | TRADE | BEARISH | 03/15/24 | $100.00 | $76.0K | 64 | 1.6K |
| THO | PUT | SWEEP | BEARISH | 03/15/24 | $100.00 | $52.2K | 64 | 85 |
| THO | PUT | TRADE | NEUTRAL | 03/15/24 | $100.00 | $41.8K | 64 | 147 |
| THO | CALL | SWEEP | BULLISH | 12/15/23 | $100.00 | $40.0K | 392 | 92 |
| THO | PUT | TRADE | BEARISH | 03/15/24 | $100.00 | $34.7K | 64 | 378 |
About Thor Industries
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth wheel towables across over 30 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motorcaravans, campervans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts through the acquisition of Airxcel in 2021, however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2023, the company wholesaled 187,015 units and generated over $11.1 billion in revenue.
After a thorough review of the options trading surrounding Thor Industries, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Thor Industries's Current Market Status
- With a trading volume of 241,812, the price of THO is down by -0.79%, reaching $100.25.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 8 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Thor Industries options trades with real-time alerts from Benzinga Pro.
© 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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