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Investors with a lot of money to spend have taken a bullish stance on Deckers Outdoor (NYSE:DECK).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DECK, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 17 uncommon options trades for Deckers Outdoor.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 29%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $1,854,104, and 8 are calls, for a total amount of $346,332.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $700.0 and $1100.0 for Deckers Outdoor, spanning the last three months.
In terms of liquidity and interest, the mean open interest for Deckers Outdoor options trades today is 67.1 with a total volume of 275.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Deckers Outdoor's big money trades within a strike price range of $700.0 to $1100.0 over the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DECK | PUT | TRADE | BULLISH | 06/21/24 | $213.8 | $204.7 | $204.7 | $1100.00 | $1.3M | 0 | 0 |
| DECK | PUT | TRADE | BULLISH | 12/20/24 | $67.0 | $58.0 | $58.5 | $820.00 | $234.0K | 0 | 0 |
| DECK | CALL | TRADE | BULLISH | 06/21/24 | $52.2 | $45.0 | $52.5 | $900.00 | $78.7K | 276 | 1 |
| DECK | PUT | TRADE | BULLISH | 06/21/24 | $79.3 | $74.6 | $74.6 | $955.00 | $52.2K | 0 | 7 |
| DECK | CALL | TRADE | BULLISH | 06/21/24 | $51.3 | $50.7 | $51.3 | $900.00 | $51.3K | 276 | 35 |
Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Most of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Most sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. Deckers sources its products from independent manufacturers primarily in Asia.
In the last month, 5 experts released ratings on this stock with an average target price of $958.2.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Deckers Outdoor with Benzinga Pro for real-time alerts.
Posted In: DECK
