Autodesk's Options Frenzy: What You Need to Know-March 2024-www.financetom.com

Autodesk's Options Frenzy: What You Need to Know

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Autodesk's Options Frenzy: What You Need to Know

Apr 4, 2024 8:59 AM

Financial giants have made a conspicuous bullish move on Autodesk ( ADSK ). Our analysis of options history for Autodesk ( ADSK ) revealed 13 unusual trades.

Delving into the details, we found 69% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $96,482, and 11 were calls, valued at $1,035,723.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $220.0 and $290.0 for Autodesk ( ADSK ), spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Autodesk ( ADSK ) options trades today is 376.75 with a total volume of 2,238.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Autodesk's ( ADSK ) big money trades within a strike price range of $220.0 to $290.0 over the last 30 days.

Autodesk 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
ADSK	CALL	TRADE	BULLISH	01/17/25	$26.8	$26.0	$26.8	$270.00	$134.0K	489	262
ADSK	CALL	SWEEP	BULLISH	01/17/25	$26.5	$25.8	$26.4	$270.00	$132.8K	489	212
ADSK	CALL	SWEEP	BULLISH	01/17/25	$26.3	$25.4	$26.3	$270.00	$131.5K	489	129
ADSK	CALL	SWEEP	BULLISH	01/17/25	$25.8	$24.8	$25.8	$270.00	$126.4K	489	80
ADSK	CALL	TRADE	BULLISH	01/17/25	$26.3	$25.9	$26.3	$270.00	$123.6K	489	314

About Autodesk

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.

Autodesk's Current Market Status

With a trading volume of 207,048, the price of ADSK is up by 1.01%, reaching $248.88.

Current RSI values indicate that the stock is is currently neutral between overbought and oversold.

Next earnings report is scheduled for 49 days from now.

Professional Analyst Ratings for Autodesk

2 market experts have recently issued ratings for this stock, with a consensus target price of $310.0.

An analyst from Argus Research persists with their Buy rating on Autodesk ( ADSK ), maintaining a target price of $300.

An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $320.

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.

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