This Is What Whales Are Betting On Dick’s Sporting Goods – Dick’s Sporting Goods (NYSE:DKS)
A whale with plenty of money to spend has adopted a noticeably bearish stance Dick’s sporting goods.
Let’s look at the option history for Dick’s Sporting Goods DCS We spotted 12 weird trades.
If we look at the specifics of each trade, it is correct to note that 33% of investors opened trades with bullish expectations and 66% with bearish expectations.
Of the total trades detected, 8 are puts for a total of $3,557,861 and 4 are calls for a total of $346,311.
What is the course objective?
Considering the volume and open interest in these contracts, it appears that whales have been targeting a price range of $115.0-$160.0 for Dick’s Sporting Goods over the past 3 months.
Volume and open interest development
Looking at volume and open interest is a powerful move when trading options. This data can help you track liquidity and interest in Dick’s Sporting Goods options at a specific strike price. Below we can see the evolution of volume and open interest of calls/puts on all Dick’s Sporting Goods whale trades within a strike price range of $115.0 – $160.0 over the last 30 days.
Dick’s Sporting Goods Option volume and open interest over the last 30 days
Biggest options discovered:
| symbol | PUT/CALL | commercial type | Feeling | Ext. date | exercise price | total commercial price | open interest | volume |
|---|---|---|---|---|---|---|---|---|
| DCS | SET | ACT | BEARY | 01/17/25 | $140.00 | $2.2M | 75 | 850 |
| DCS | SET | SWEEP | BEARY | 04/21/23 | $142.00 | $842,100 | 0 | 1.9K |
| DCS | SET | SWEEP | BEARY | 03/31/23 | $145.00 | $232,200 | 119 | 816 |
| DCS | FINANCIAL SUPPORT | ACT | BULLISH | 01/17/25 | $125.00 | $211,000 | 15 | 50 |
| DCS | SET | SWEEP | BEARY | 01/17/25 | $115.00 | $118,400 | 5 | 117 |
| symbol | PUT/CALL | commercial type | Feeling | Ext. date | exercise price | total commercial price | open interest | volume |
|---|---|---|---|---|---|---|---|---|
| DCS | SET | ACT | BEARY | 01/17/25 | $140.00 | $2.2M | 75 | 850 |
| DCS | SET | SWEEP | BEARY | 04/21/23 | $142.00 | $842,100 | 0 | 1.9K |
| DCS | SET | SWEEP | BEARY | 03/31/23 | $145.00 | $232,200 | 119 | 816 |
| DCS | FINANCIAL SUPPORT | ACT | BULLISH | 01/17/25 | $125.00 | $211,000 | 15 | 50 |
| DCS | SET | SWEEP | BEARY | 01/17/25 | $115.00 | $118,400 | 5 | 117 |
Where is Dick’s Sporting Goods right now?
- With a volume of 396,072, the price of DKS is down -1.69% to $144.16.
- RSI indicators are suggesting that the underlying stock may be overbought.
- The next earnings are expected to be released in 63 days.
What the experts say about Dick’s sporting goods:
- Telsey Advisory Group has decided to keep its Outperform rating on Dick’s Sporting Goods, which currently has a price target of $165.
- Telsey Advisory Group downgraded its action to Outperform with a price target of $165
- Telsey Advisory Group downgraded its action to Outperform with a price target of $135
- Morgan Stanley has decided to maintain its overweight position in Dick’s Sporting Goods, which currently has a price target of $175.
- Evercore ISI Group has decided to maintain its Outperform rating on Dick’s Sporting Goods, which currently has a price target of $200.
Options are a riskier asset compared to pure stock trading, but they have higher profit potential. Reputable options traders manage this risk by educating themselves daily, entering and exiting trades, following more than one indicator, and following the markets closely.
If you want to stay up to date on the latest options trades for Dick’s Sporting Goods, Benzinga Pro gives you real-time options trading alerts.