A whale with a lot of money to spend has taken a noticeably bullish stance on Sherwin-Williams.
Looking at options history for Sherwin-Williams (NYSE:SHW) we detected 21 strange trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $661,460 and 7, calls, for a total amount of $356,050.
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 $180.0 to $300.0 for Sherwin-Williams over the last 3 months.
Volume & Open Interest Development
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 Sherwin-Williams'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 Sherwin-Williams's whale activity within a strike price range from $180.0 to $300.0 in the last 30 days.
Sherwin-Williams 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 |
|---|---|---|---|---|---|---|---|---|
| SHW | PUT | TRADE | BULLISH | 09/16/22 | $210.00 | $185.0K | 141 | 608 |
| SHW | CALL | SWEEP | BULLISH | 11/18/22 | $220.00 | $72.5K | 17 | 41 |
| SHW | CALL | TRADE | BULLISH | 03/17/23 | $180.00 | $69.0K | 0 | 30 |
| SHW | CALL | TRADE | BEARISH | 03/17/23 | $220.00 | $67.5K | 0 | 26 |
| SHW | PUT | SWEEP | BULLISH | 08/19/22 | $240.00 | $63.8K | 527 | 347 |
Where Is Sherwin-Williams Standing Right Now?
- With a volume of 3,131,731, the price of SHW is down -10.08% at $228.67.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 0 days.
What The Experts Say On Sherwin-Williams:
- Mizuho has decided to maintain their Buy rating on Sherwin-Williams, which currently sits at a price target of $294.
- Northcoast Research upgraded its action to Buy with a price target of $300
- Wells Fargo has decided to maintain their Equal-Weight rating on Sherwin-Williams, which currently sits at a price target of $270.
- B of A Securities downgraded its action to Neutral with a price target of $292
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 Sherwin-Williams, Benzinga Pro gives you real-time options trades alerts.
