Lowe's Companies Unusual Options Activity

Financial giants have made a conspicuous bearish move on Lowe's Companies. Our analysis of options history for Lowe's Companies LOW revealed 11 unusual trades.

Delving into the details, we found 27% of traders were bullish, while 72% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $232,079, and 5 were calls, valued at $204,285.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $180.0 to $210.0 for Lowe's Companies during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Lowe's Companies options trades today is 849.12 with a total volume of 992.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Lowe's Companies's big money trades within a strike price range of $180.0 to $210.0 over the last 30 days.

Lowe's Companies 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Lowe's Companies

Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.

Present Market Standing of Lowe's Companies

• Currently trading with a volume of 1,636,180, the LOW's price is down by -0.16%, now at $206.01.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 78 days.

What The Experts Say On Lowe's Companies

5 market experts have recently issued ratings for this stock, with a consensus target price of $220.6.

• An analyst from Telsey Advisory Group has revised its rating downward to Market Perform, adjusting the price target to $225.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Lowe's Companies, targeting a price of $218.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on Lowe's Companies, which currently sits at a price target of $230.
• An analyst from Stifel persists with their Buy rating on Lowe's Companies, maintaining a target price of $240.
• An analyst from RBC Capital persists with their Sector Perform rating on Lowe's Companies, maintaining a target price of $190.

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 Lowe's Companies, Benzinga Pro gives you real-time options trades alerts.