Spotlight on DISH Network: Analyzing the Surge in Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on DISH Network.

Looking at options history for DISH Network DISH we detected 20 trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $791,506 and 3, calls, for a total amount of $97,080.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $10.0 for DISH Network over the last 3 months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in DISH Network's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to DISH Network's substantial trades, within a strike price spectrum from $5.0 to $10.0 over the preceding 30 days.

DISH Network 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About DISH Network

From its founding in the 1980s, Dish Network has primarily focused on the satellite television business, capitalizing on technological advancements to expand its reach. The firm now serves 7 million U.S. customers. Dish launched an internet-based television offering under the Sling brand in 2015 and now serves about 2 million customers on this platform. Dish's future, however, hinges primarily on the wireless business. The firm has amassed a large portfolio of spectrum licenses over the past 15 years, spending about $30 billion in the process, and is now building a nationwide wireless network. It acquired Sprint's prepaid business and now serves about 8 million customers. Dish plans to merge with EchoStar, a firm it spun out in 2008 that provides satellite-based communications services.

After a thorough review of the options trading surrounding DISH Network, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

DISH Network's Current Market Status

• With a trading volume of 6,436,978, the price of DISH is down by -1.12%, reaching $3.53.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 94 days from now.

Professional Analyst Ratings for DISH Network

In the last month, 3 experts released ratings on this stock with an average target price of $7.0.

• An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on DISH Network, which currently sits at a price target of $5.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for DISH Network, targeting a price of $3.
• Consistent in their evaluation, an analyst from Raymond James keeps a Strong Buy rating on DISH Network with a target price of $13.

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 DISH Network options trades with real-time alerts from Benzinga Pro.