Market Whales and Their Recent Bets on POOL Options

Investors with a lot of money to spend have taken a bearish stance on Pool POOL.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with POOL, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades for Pool.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $26,050, and 11, calls, for a total amount of $388,256.

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Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $360.0 to $370.0 for Pool over the last 3 months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Pool stands at 108.5, with a total volume reaching 1,438.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Pool, situated within the strike price corridor from $360.0 to $370.0, throughout the last 30 days.

Pool Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Pool

Pool Corp distributes swimming pool supplies and related products. It sells national-brand and private-label products to approximately 120000 customers. The products include non-discretionary pool-maintenance products, like chemicals and replacement parts, as well as pool equipment, like packaged pools (kits to build swimming pools), cleaners, filters, heaters, pumps, and lights. Customers include pool builders and remodelers, independent retail stores, and pool repair and service companies.

Pool's Current Market Status

• With a trading volume of 66,171, the price of POOL is down by 0.0%, reaching $345.32.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 77 days from now.

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 Pool, Benzinga Pro gives you real-time options trades alerts.