Looking At Wayfair's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Benzinga reported unusual options activity for Wayfair (NYSE:W), with over 13 trades totaling $1,238,483. Investors target a price range of $60-$75 for the next three months. The largest trades include both bullish PUT and bearish CALL options. Wayfair, an e-commerce company, saw its stock price drop by -5.0% to $57.32. Analysts have mixed reviews, with an average target price of $76.4. Wayfair's earnings release is anticipated in 17 days.
April 15, 2024 | 3:16 pm
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Wayfair observed significant options trading, indicating investor speculation on price movement. The stock recently fell by 5% to $57.32, with mixed analyst ratings and an upcoming earnings release.
The unusual options activity, combined with the recent price drop and mixed analyst ratings, suggests uncertainty and speculation about Wayfair's short-term price direction. The upcoming earnings release adds to this uncertainty, making it difficult to predict the stock's short-term movement confidently.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100