Financial giants have made a conspicuous bullish move on Analog Devices. Our analysis of options history for Analog Devices ADI revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $252,720, and 5 were calls, valued at $227,667.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $210.0 for Analog Devices, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Analog Devices's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Analog Devices's significant trades, within a strike price range of $150.0 to $210.0, over the past month.
Analog Devices Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ADI | PUT | SWEEP | BULLISH | 01/17/25 | $210.00 | $124.6K | 48 | 26 |
| ADI | CALL | SWEEP | BEARISH | 12/15/23 | $180.00 | $86.5K | 1.0K | 15 |
| ADI | PUT | SWEEP | BULLISH | 01/17/25 | $210.00 | $65.6K | 48 | 20 |
| ADI | PUT | SWEEP | BULLISH | 12/15/23 | $180.00 | $62.4K | 1.3K | 23 |
| ADI | CALL | SWEEP | BULLISH | 03/15/24 | $155.00 | $41.1K | 80 | 11 |
About Analog Devices
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.
Having examined the options trading patterns of Analog Devices, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Analog Devices's Current Market Status
- With a trading volume of 1,360,087, the price of ADI is up by 1.39%, reaching $183.14.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 70 days from now.
What Analysts Are Saying About Analog Devices
In the last month, 5 experts released ratings on this stock with an average target price of $208.8.
- An analyst from Oppenheimer downgraded its action to Outperform with a price target of $215.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Analog Devices, targeting a price of $175.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Analog Devices, targeting a price of $210.
- An analyst from Morgan Stanley has elevated its stance to Overweight, setting a new price target at $225.
- An analyst from Morgan Stanley persists with their Overweight rating on Analog Devices, maintaining a target price of $219.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Analog Devices with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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