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Whales with a lot of money to spend have taken a noticeably bearish stance on Costco Wholesale.
Looking at options history for Costco Wholesale (NASDAQ:COST) we detected 28 trades.
If we consider the specifics of each trade, it is accurate to state that 17% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $850,015 and 13, calls, for a total amount of $873,741.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $635.0 to $960.0 for Costco Wholesale over the last 3 months.
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 Costco Wholesale'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 Costco Wholesale's whale activity within a strike price range from $635.0 to $960.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | CALL | TRADE | BEARISH | 01/17/25 | $49.7 | $49.1 | $49.1 | $900.00 | $196.4K | 1.0K | 40 |
| COST | PUT | TRADE | NEUTRAL | 09/20/24 | $16.8 | $16.25 | $16.5 | $840.00 | $132.0K | 438 | 80 |
| COST | CALL | SWEEP | BEARISH | 08/23/24 | $13.3 | $12.8 | $12.8 | $865.00 | $128.0K | 101 | 123 |
| COST | PUT | SWEEP | BEARISH | 09/20/24 | $25.8 | $24.6 | $25.25 | $870.00 | $126.2K | 103 | 35 |
| COST | CALL | TRADE | NEUTRAL | 08/16/24 | $191.0 | $183.0 | $187.11 | $680.00 | $93.5K | 6 | 5 |
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and enjoys over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.
Having examined the options trading patterns of Costco Wholesale, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
5 market experts have recently issued ratings for this stock, with a consensus target price of $930.4.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Costco Wholesale with Benzinga Pro for real-time alerts.
Posted In: COST
