Etsy Options Trading: A Deep Dive into Market Sentiment

Author: Benzinga Insights | May 03, 2024 02:31pm

Financial giants have made a conspicuous bullish move on Etsy. Our analysis of options history for Etsy (NASDAQ:ETSY) revealed 13 unusual trades.

Delving into the details, we found 61% of traders were bullish, while 38% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $355,709, and 6 were calls, valued at $412,650.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $100.0 for Etsy over the recent three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Etsy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Etsy's significant trades, within a strike price range of $40.0 to $100.0, over the past month.

Etsy Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
ETSY	CALL	TRADE	BULLISH	01/16/26	$6.0	$5.6	$6.0	$100.00	$120.0K	1.0K	1
ETSY	CALL	SWEEP	BULLISH	12/20/24	$5.65	$5.25	$5.2	$75.00	$104.7K	220	0
ETSY	PUT	TRADE	BULLISH	05/31/24	$6.0	$4.7	$5.0	$65.00	$81.0K	164	0
ETSY	PUT	TRADE	BEARISH	12/19/25	$32.75	$32.3	$32.75	$90.00	$65.5K	33	40
ETSY	PUT	TRADE	BEARISH	12/19/25	$32.75	$32.3	$32.75	$90.00	$65.5K	33	20

About Etsy

Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.2 billion in 2023 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).

Having examined the options trading patterns of Etsy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Etsy

• With a trading volume of 3,497,730, the price of ETSY is up by 1.27%, reaching $59.99.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 89 days from now.

Professional Analyst Ratings for Etsy

In the last month, 5 experts released ratings on this stock with an average target price of $76.0.

• An analyst from Oppenheimer has decided to maintain their Outperform rating on Etsy, which currently sits at a price target of $80.
• An analyst from Guggenheim has decided to maintain their Buy rating on Etsy, which currently sits at a price target of $80.
• An analyst from Citigroup has decided to maintain their Neutral rating on Etsy, which currently sits at a price target of $62.
• An analyst from Truist Securities persists with their Buy rating on Etsy, maintaining a target price of $75.
• Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Etsy, targeting a price of $83.

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 Etsy, Benzinga Pro gives you real-time options trades alerts.

Posted In: ETSY