Costco Wholesale Unusual Options Activity For December 27
Portfolio Pulse from Benzinga Insights
Costco Wholesale (NASDAQ: COST) has seen significant options activity, with a bullish sentiment from investors. Out of 28 trades, 53% were bullish and 46% bearish. The trades included 3 puts worth $128,210 and 25 calls worth $1,461,516. The options market is focusing on a price range of $225 to $795 for Costco. The largest options trades were mixed in sentiment, with both bearish and bullish positions on different strike prices and expiration dates. Costco's business model focuses on bulk sales at low prices, with a strong market share in the warehouse club industry. The stock is currently trading at $663, down by 1.72%, and may be overbought according to RSI indicators. Analysts have set an average target price of $650, with varying ratings from Outperform to Neutral.

December 27, 2023 | 3:32 pm
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NEUTRAL IMPACT
Costco has experienced a bullish trend in options trading, with a higher volume of calls than puts. Analysts have mixed ratings but the average target price is slightly below the current trading price.
The options activity suggests a bullish sentiment among investors, but the stock may be overbought according to RSI indicators. Analysts' target prices are close to the current trading price, indicating potential stability in the short term. However, the mixed sentiment in the largest options trades and the slight discrepancy between the current price and the average target price create uncertainty, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100