Financial giants have made a conspicuous bullish move on Etsy. Our analysis of options history for Etsy ETSY revealed 15 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $121,891, and 12 were calls, valued at $1,063,041.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $75.0 and $90.0 for Etsy, spanning the last three 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 Etsy'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 Etsy's whale trades within a strike price range from $75.0 to $90.0 in the last 30 days.
Etsy Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ETSY | CALL | TRADE | BULLISH | 06/21/24 | $80.00 | $210.0K | 1.5K | 151 |
| ETSY | CALL | SWEEP | BULLISH | 03/15/24 | $75.00 | $206.4K | 1.2K | 26 |
| ETSY | CALL | TRADE | BULLISH | 06/21/24 | $85.00 | $118.5K | 758 | 1 |
| ETSY | CALL | TRADE | BEARISH | 01/17/25 | $90.00 | $116.4K | 1.6K | 77 |
| ETSY | CALL | SWEEP | BULLISH | 03/15/24 | $90.00 | $93.3K | 1.3K | 7 |
About Etsy
Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.3 billion in 2022 consolidated gross merchandise volume, the firm has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2022, the firm connected more than 95 million buyers and 7.5 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
In light of the recent options history for Etsy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Etsy's Current Market Status
- Currently trading with a volume of 1,340,916, the ETSY's price is up by 0.42%, now at $82.0.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 77 days.
What The Experts Say On Etsy
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $87.0.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Etsy with a target price of $87.
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 Etsy options trades with real-time alerts from Benzinga Pro.
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