Benzinga | Nov 30, 2021 04:55PM EST

Looking At Costco Wholesale's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Costco Wholesale.

Looking at options history for Costco Wholesale (NASDAQ:COST) we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 41.67% of the investors opened trades with bullish expectations and 58.33% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $288,770.00 and 7, calls, for a total amount of $570,300.00.

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 $370.0 to $570.0 for Costco Wholesale 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 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 $370.0 to $570.0 in the last 30 days.

Costco Wholesale Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestCOST CALL TRADE BULLISH 01/20/ $560.00 $244.1K 294 40 23COST CALL TRADE BULLISH 03/18/ $370.00 $186.0K 4 10 22COST PUT SWEEP BULLISH 01/20/ $570.00 $88.4K 141 66 23COST PUT SWEEP BEARISH 01/20/ $570.00 $68.2K 141 20 23COST PUT SWEEP NEUTRAL 12/17/ $550.00 $64.2K 1.1K 111 21

Where Is Costco Wholesale Standing Right Now?

* With a volume of 920,971.00, the price of COST is down -1.21% at $548.14.

* RSI indicators hint that the underlying stock may be overbought.

* Next earnings are expected to be released in 9 days.

What The Experts Say On Costco Wholesale:

* Telsey Advisory Group has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $540.0.

* Oppenheimer has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $550.0.

* Gordon Haskett upgraded its action to Buy with a price target of $575.0

* Telsey Advisory Group has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $535.0.

* Telsey Advisory Group has decided to maintain their Outperform rating on Costco Wholesale, which currently sits at a price target of $600.0.

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.

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