Whales with a lot of money to spend have taken a noticeably bearish stance on Advance Auto Parts.
Looking at options history for Advance Auto Parts AAP we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $365,897 and 12, calls, for a total amount of $675,468.
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Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $49.0 and $95.0 for Advance Auto Parts, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Advance Auto Parts'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 Advance Auto Parts's whale activity within a strike price range from $49.0 to $95.0 in the last 30 days.
Advance Auto Parts 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 |
|---|---|---|---|---|---|---|---|---|
| AAP | PUT | SWEEP | BULLISH | 02/23/24 | $49.00 | $273.7K | 13 | 3.5K |
| AAP | CALL | SWEEP | BEARISH | 01/17/25 | $80.00 | $236.3K | 678 | 301 |
| AAP | CALL | SWEEP | BEARISH | 02/16/24 | $60.00 | $88.9K | 85 | 1.0K |
| AAP | CALL | SWEEP | BEARISH | 01/17/25 | $95.00 | $63.4K | 414 | 341 |
| AAP | CALL | SWEEP | BEARISH | 01/17/25 | $95.00 | $61.4K | 414 | 128 |
About Advance Auto Parts
Advance Auto Parts is one of the industry's largest retailers of aftermarket automotive parts, tools, and accessories to do-it-yourself customers and third-party vehicle repair facilities in North America. Advance operated 5,086 stores as of the end of 2022, in addition to servicing 1,311 independently owned Carquest stores. The company's Worldpac chain is a premier distributor of imported original-equipment parts. Advance derived 59% of its 2022 sales from commercial clients, with the remainder from DIY shoppers.
After a thorough review of the options trading surrounding Advance Auto Parts, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Advance Auto Parts Standing Right Now?
- With a volume of 703,650, the price of AAP is down -1.06% at $60.74.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 48 days.
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 Advance Auto Parts options trades with real-time alerts from Benzinga Pro.
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