Market Whales and Their Recent Bets on Edwards Lifesciences Options

Author: Benzinga Insights | July 26, 2024 01:01pm

Deep-pocketed investors have adopted a bullish approach towards Edwards Lifesciences (NYSE:EW), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in EW usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Edwards Lifesciences. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 64% leaning bullish and 14% bearish. Among these notable options, 6 are puts, totaling $403,470, and 8 are calls, amounting to $528,444.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $72.5 for Edwards Lifesciences over the last 3 months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Edwards Lifesciences's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Edwards Lifesciences's substantial trades, within a strike price spectrum from $50.0 to $72.5 over the preceding 30 days.

Edwards Lifesciences Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
EW	CALL	TRADE	BEARISH	01/17/25	$2.7	$2.5	$2.55	$72.50	$178.2K	33	801
EW	PUT	TRADE	BEARISH	01/17/25	$4.5	$4.2	$4.5	$60.00	$135.0K	1.2K	300
EW	PUT	TRADE	BULLISH	01/17/25	$4.4	$4.1	$4.2	$60.00	$126.0K	1.2K	600
EW	CALL	SWEEP	BULLISH	11/15/24	$2.7	$2.45	$2.6	$70.00	$94.6K	100	502
EW	CALL	TRADE	BULLISH	01/17/25	$6.7	$6.5	$6.7	$62.50	$53.6K	98	1

About Edwards Lifesciences

Spun off from Baxter International in 2000, Edwards Lifesciences designs, manufactures, and markets a range of medical devices and equipment for advanced stages of structural heart disease. It has established itself as a leader across key products, including surgical tissue heart valves, transcatheter valve technologies, surgical clips, and catheters. The firm derives about 55% of its total sales from outside the US.

Current Position of Edwards Lifesciences

• Trading volume stands at 8,101,822, with EW's price up by 4.18%, positioned at $62.2.
• RSI indicators show the stock to be may be oversold.
• Earnings announcement expected in 89 days.

Expert Opinions on Edwards Lifesciences

In the last month, 5 experts released ratings on this stock with an average target price of $76.4.

• An analyst from TD Cowen has revised its rating downward to Hold, adjusting the price target to $70.
• An analyst from Baird downgraded its action to Neutral with a price target of $70.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Edwards Lifesciences, targeting a price of $85.
• An analyst from Truist Securities has revised its rating downward to Hold, adjusting the price target to $82.
• An analyst from B of A Securities downgraded its action to Neutral with a price target of $75.

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 Edwards Lifesciences options trades with real-time alerts from Benzinga Pro.

Posted In: EW