High-rolling investors have positioned themselves bearish on SharkNinja SN, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SN often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 15 options trades for SharkNinja. This is not a typical pattern.
The sentiment among these major traders is split, with 0% bullish and 100% bearish. Among all the options we identified, there was one put, amounting to $27,900, and 14 calls, totaling $549,750.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $60.0 for SharkNinja over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in SharkNinja's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to SharkNinja's substantial trades, within a strike price spectrum from $60.0 to $60.0 over the preceding 30 days.
SharkNinja Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SN | CALL | SWEEP | BEARISH | 09/20/24 | $8.5 | $8.1 | $8.1 | $60.00 | $68.0K | 2.2K | 978 |
| SN | CALL | TRADE | BEARISH | 09/20/24 | $8.7 | $7.8 | $8.0 | $60.00 | $60.0K | 2.2K | 739 |
| SN | CALL | SWEEP | BEARISH | 09/20/24 | $8.8 | $8.4 | $8.4 | $60.00 | $52.0K | 2.2K | 401 |
| SN | CALL | SWEEP | BEARISH | 09/20/24 | $9.7 | $8.1 | $8.1 | $60.00 | $46.1K | 2.2K | 14 |
| SN | CALL | SWEEP | BEARISH | 09/20/24 | $9.8 | $8.4 | $8.4 | $60.00 | $44.5K | 2.2K | 189 |
About SharkNinja
SharkNinja Inc is a product design and technology company that creates 5-star-rated lifestyle solutions through inventive products for consumers around the world. Its product categories include Cleaning, Cooking, Food Preparation, Home Environment and Beauty products. It sells vacuum cleaners, cooking pots, fryers, hair dryers, etc. The SharkNinja Group is expected to carry on the design, production, marketing and distribution of the Shark and Ninja brands of small household appliances in North America, Europe and other selected international markets (excluding the Asia Pacific Region and Greater China). Currently, the majority of the revenue is derived from the U.S. market.
Following our analysis of the options activities associated with SharkNinja, we pivot to a closer look at the company's own performance.
Present Market Standing of SharkNinja
- Currently trading with a volume of 589,805, the SN's price is down by -2.27%, now at $61.51.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 48 days.
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 SharkNinja with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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