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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 8 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 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $52,700 and 6, calls, for a total amount of $226,498.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $645.0 and $900.0 for Costco Wholesale, spanning the last three months.
In today's trading context, the average open interest for options of Costco Wholesale stands at 457.33, with a total volume reaching 1,231.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Costco Wholesale, situated within the strike price corridor from $645.0 to $900.0, throughout 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 | SWEEP | NEUTRAL | 09/06/24 | $7.8 | $6.8 | $6.8 | $900.00 | $70.7K | 502 | 108 |
COST | CALL | TRADE | BEARISH | 01/17/25 | $81.7 | $75.8 | $77.42 | $860.00 | $38.7K | 104 | 5 |
COST | CALL | TRADE | BULLISH | 01/17/25 | $58.8 | $55.65 | $58.8 | $895.00 | $35.2K | 130 | 2 |
COST | CALL | SWEEP | BEARISH | 08/30/24 | $1.49 | $1.43 | $1.43 | $900.00 | $28.2K | 1.2K | 227 |
COST | PUT | TRADE | BEARISH | 09/06/24 | $11.0 | $10.3 | $11.0 | $897.50 | $27.5K | 4 | 29 |
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.
After a thorough review of the options trading surrounding Costco Wholesale, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $928.0.
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 Costco Wholesale, Benzinga Pro gives you real-time options trades alerts.
Posted In: COST