A whale with a lot of money to spend has taken a noticeably bearish stance on DuPont de Nemours.
Looking at options history for DuPont de Nemours (NYSE:DD) we detected 28 strange trades.
If we consider the specifics of each trade, it is accurate to state that 32% of the investors opened trades with bullish expectations and 67% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $107,728 and 26, calls, for a total amount of $1,583,855.
What's The Price Target?
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 $70.0 for DuPont de Nemours over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for DuPont de Nemours'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 DuPont de Nemours's whale trades within a strike price range from $50.0 to $70.0 in the last 30 days.
DuPont de Nemours Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DD | CALL | TRADE | BEARISH | 11/18/22 | $57.50 | $142.5K | 6.4K | 1.2K |
| DD | CALL | TRADE | BEARISH | 11/18/22 | $57.50 | $137.5K | 6.4K | 960 |
| DD | CALL | TRADE | BULLISH | 11/18/22 | $57.50 | $132.3K | 6.4K | 200 |
| DD | CALL | SWEEP | BULLISH | 11/18/22 | $57.50 | $120.0K | 6.4K | 710 |
| DD | CALL | TRADE | BULLISH | 11/04/22 | $60.00 | $90.0K | 2.8K | 2.1K |
Where Is DuPont de Nemours Standing Right Now?
- With a volume of 8,525,599, the price of DD is up 3.08% at $60.51.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 6 days.
What The Experts Say On DuPont de Nemours:
- Keybanc has decided to maintain their Overweight rating on DuPont de Nemours, which currently sits at a price target of $80.
- Mizuho has decided to maintain their Buy rating on DuPont de Nemours, which currently sits at a price target of $79.
- Wells Fargo has decided to maintain their Overweight rating on DuPont de Nemours, which currently sits at a price target of $60.
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 DuPont de Nemours, Benzinga Pro gives you real-time options trades alerts.
