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Deep-pocketed investors have adopted a bearish approach towards DoorDash (NASDAQ:DASH), 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 DASH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 40 extraordinary options activities for DoorDash. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 57% bearish. Among these notable options, 17 are puts, totaling $3,269,089, and 23 are calls, amounting to $1,109,391.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $195.0 to $340.0 for DoorDash over the recent three months.
In terms of liquidity and interest, the mean open interest for DoorDash options trades today is 2952.14 with a total volume of 18,507.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DoorDash's big money trades within a strike price range of $195.0 to $340.0 over the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DASH | PUT | SWEEP | BEARISH | 01/16/26 | $16.2 | $16.15 | $16.2 | $240.00 | $1.1M | 2.2K | 716 |
| DASH | PUT | SWEEP | BEARISH | 01/16/26 | $16.55 | $15.75 | $16.55 | $240.00 | $911.9K | 2.2K | 2.2K |
| DASH | PUT | TRADE | BEARISH | 01/16/26 | $20.7 | $20.5 | $20.7 | $250.00 | $207.0K | 482 | 101 |
| DASH | PUT | SWEEP | BEARISH | 11/07/25 | $30.0 | $27.5 | $30.0 | $275.00 | $177.0K | 16 | 59 |
| DASH | CALL | SWEEP | BEARISH | 09/18/26 | $44.0 | $40.35 | $40.35 | $270.00 | $161.4K | 156 | 40 |
Founded in 2013 and headquartered in San Francisco, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food items on-demand for delivery or in-store from merchants. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish a presence online, market their offerings, and meet demand through delivery. The firm provides similar service to nonrestaurant businesses, such as grocery, retail, and pet supplies. Dash is also rolling out nascent technology like drone delivery in an effort to continually innovate and provide the best possible service to supply-side and demand-side contingents of its marketplace.
Having examined the options trading patterns of DoorDash, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
5 market experts have recently issued ratings for this stock, with a consensus target price of $324.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * In a positive move, an analyst from JP Morgan has upgraded their rating to Overweight and adjusted the price target to $325. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on DoorDash, which currently sits at a price target of $330. * In a cautious move, an analyst from BTIG downgraded its rating to Buy, setting a price target of $315. * An analyst from Mizuho downgraded its action to Outperform with a price target of $350. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on DoorDash with a target price of $301.
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 DoorDash with Benzinga Pro for real-time alerts.
Posted In: DASH
