Deep-pocketed investors have adopted a bullish approach towards Autodesk ( ADSK ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ADSK usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Autodesk ( ADSK ). This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 11% bearish. Among these notable options, 4 are puts, totaling $134,100, and 5 are calls, amounting to $256,655.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $220.0 to $300.0 for Autodesk ( ADSK ) over the last 3 months.
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 Autodesk's ( ADSK ) 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 Autodesk's ( ADSK ) whale trades within a strike price range from $220.0 to $300.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ADSK | CALL | TRADE | BULLISH | 556 | 1 | ||||||
| ADSK | CALL | TRADE | BULLISH | 1.8K | 53 | ||||||
| ADSK | CALL | TRADE | NEUTRAL | 1.8K | 27 | ||||||
| ADSK | PUT | TRADE | BULLISH | 1.2K | 500 | ||||||
| ADSK | CALL | TRADE | BEARISH | 376 | 5 |
Founded in 1982, Autodesk ( ADSK ) is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk ( ADSK ) software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.
In light of the recent options history for Autodesk ( ADSK ), it's now appropriate to focus on the company itself. We aim to explore its current performance.
Trading volume stands at 883,823, with ADSK's price up by 3.26%, positioned at $301.31.
RSI indicators show the stock to be may be overbought.
Earnings announcement expected in 20 days.
In the last month, 1 experts released ratings on this stock with an average target price of $340.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
* In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a price target of $340.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Autodesk ( ADSK ) options trades with real-time alerts from Benzinga Pro.