A whale with a lot of money to spend has taken a noticeably bearish stance on Teladoc Health.
Looking at options history for Teladoc Health (NYSE:TDOC) we detected 42 strange trades.
If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 71% with bearish.
From the overall spotted trades, 30 are puts, for a total amount of $2,294,479 and 12, calls, for a total amount of $825,758.
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 $40.0 to $200.0 for Teladoc Health 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 Teladoc Health'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 Teladoc Health's whale trades within a strike price range from $40.0 to $200.0 in the last 30 days.
Teladoc Health 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 |
|---|---|---|---|---|---|---|---|---|
| TDOC | PUT | SWEEP | BEARISH | 01/20/23 | $40.00 | $368.5K | 1.7K | 46 |
| TDOC | PUT | TRADE | BEARISH | 06/17/22 | $50.00 | $213.0K | 1.3K | 600 |
| TDOC | CALL | SWEEP | BULLISH | 04/14/22 | $65.00 | $168.0K | 850 | 0 |
| TDOC | PUT | SWEEP | BULLISH | 06/17/22 | $65.00 | $155.6K | 2.5K | 187 |
| TDOC | PUT | TRADE | BULLISH | 03/04/22 | $79.00 | $108.9K | 267 | 11 |
Where Is Teladoc Health Standing Right Now?
- With a volume of 2,205,671, the price of TDOC is down -3.53% at $66.73.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 54 days.
What The Experts Say On Teladoc Health:
- Keybanc has decided to maintain their Overweight rating on Teladoc Health, which currently sits at a price target of $100.
- JP Morgan has decided to maintain their Overweight rating on Teladoc Health, which currently sits at a price target of $125.
- Craig-Hallum has decided to maintain their Hold rating on Teladoc Health, which currently sits at a price target of $67.
- Goldman Sachs downgraded its action to Buy with a price target of $121
- Credit Suisse has decided to maintain their Outperform rating on Teladoc Health, which currently sits at a price target of $114.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
