Etsy Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Etsy ETSY.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don’t know. But when something this big happens with ETSY, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga‘s options scanner spotted 13 uncommon options trades for Etsy.

This isn’t normal.

The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $637,991, and 6 are calls, for a total amount of $1,243,092.

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 $105.0 to $130.0 for Etsy over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Etsy options trades today is 437.83 with a total volume of 2,934.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Etsy’s big money trades within a strike price range of $105.0 to $130.0 over the last 30 days.

Etsy 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
ETSY CALL SWEEP NEUTRAL 12/02/22 $114.00 $600.7K 1.0K 785
ETSY CALL SWEEP NEUTRAL 12/02/22 $117.00 $452.5K 160 565
ETSY PUT TRADE BEARISH 03/17/23 $105.00 $418.0K 320 400
ETSY CALL SWEEP BEARISH 11/25/22 $115.00 $71.1K 716 223
ETSY CALL SWEEP BEARISH 02/17/23 $130.00 $47.8K 88 0

Where Is Etsy Standing Right Now?

  • With a volume of 1,333,751, the price of ETSY is up 0.57% at $119.97.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 92 days.

What The Experts Say On Etsy:

  • Morgan Stanley has decided to maintain their Equal-Weight rating on Etsy, which currently sits at a price target of $76.
  • MoffettNathanson downgraded its action to Market Perform with a price target of $116
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Etsy, which currently sits at a price target of $75.

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 Etsy, Benzinga Pro gives you real-time options trades alerts.