A whale with a lot of money to spend has taken a noticeably bearish stance on Domino's Pizza.
Looking at options history for Domino's Pizza DPZ we detected 12 strange trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $301,824 and 3, calls, for a total amount of $120,170.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $320.0 to $350.0 for Domino's Pizza over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Domino's Pizza options trades today is 101.67 with a total volume of 971.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Domino's Pizza's big money trades within a strike price range of $320.0 to $350.0 over the last 30 days.
Domino's Pizza Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DPZ | PUT | SWEEP | NEUTRAL | 03/15/24 | $340.00 | $70.6K | 232 | 98 |
| DPZ | CALL | SWEEP | BULLISH | 11/03/23 | $350.00 | $65.0K | 12 | 0 |
| DPZ | PUT | SWEEP | BEARISH | 03/15/24 | $340.00 | $35.3K | 232 | 12 |
| DPZ | PUT | SWEEP | BEARISH | 03/15/24 | $340.00 | $30.9K | 232 | 12 |
| DPZ | PUT | TRADE | BULLISH | 03/15/24 | $320.00 | $30.3K | 61 | 71 |
Where Is Domino's Pizza Standing Right Now?
- With a volume of 751,592, the price of DPZ is down -0.23% at $344.31.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 126 days.
What The Experts Say On Domino's Pizza:
- Deutsche Bank downgraded its action to Buy with a price target of $430
- Citigroup has decided to maintain their Neutral rating on Domino's Pizza, which currently sits at a price target of $398.
- Oppenheimer has decided to maintain their Outperform rating on Domino's Pizza, which currently sits at a price target of $450.
- BMO Capital has decided to maintain their Outperform rating on Domino's Pizza, which currently sits at a price target of $455.
- B of A Securities has decided to maintain their Buy rating on Domino's Pizza, which currently sits at a price target of $461.
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 Domino's Pizza, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
