Steering the Ship: Heavyweight Investors Take the Helm
In the world of investments, a massive wave is crashing on the shores of Deckers Outdoor DECK. This surge, revealed through Benzinga’s scrutiny of public options records, signals a seismic shift that could reshape the market landscape. The whales behind these maneuvers remain anonymous, but their synchronized movements in DECK suggest that a significant event may be on the horizon.
Today’s data sweep uncovered a remarkable 9 instances of unusual options activity surrounding Deckers Outdoor. This flurry of trading is far from ordinary, hinting at a storm brewing beneath the surface.
Forecasting the Tides: Predicted Price Fluctuations
By delving into trading volumes and Open Interest, analysts discern a target price range of $620.0 to $1040.0 for Deckers Outdoor over the past three months. This band serves as a compass for navigating the turbulent waters ahead.
Tracking the Currents: Volume & Open Interest Insights
Analyzing volume and open interest is akin to reading the signs of the market when trading options. These metrics offer a glimpse into the liquidity and demand for Deckers Outdoor’s options, particularly within the $620.0 to $1040.0 strike price range over the past 30 days.
Spotlight on Noteworthy Options Trades
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DECK | CALL | TRADE | BULLISH | 06/21/24 | $1040.00 | $277.3K | 159 | 75 |
| DECK | PUT | TRADE | BEARISH | 06/21/24 | $940.00 | $156.0K | 23 | 25 |
| DECK | CALL | SWEEP | BEARISH | 09/20/24 | $880.00 | $70.4K | 6 | 6 |
| DECK | CALL | TRADE | BEARISH | 03/15/24 | $650.00 | $57.2K | 95 | 4 |
| DECK | CALL | TRADE | BULLISH | 05/17/24 | $900.00 | $49.8K | 23 | 0 |
Unveiling Deckers Outdoor: A Closer Look
Deckers Outdoor Corp is the mastermind behind casual and performance footwear, apparel, and accessories, boasting renowned brands like UGG, Teva, and Sanuk. While most sales stem from the US, the company maintains a global presence with retail outlets and distributors scattered across Europe, Asia, Canada, and Latin America. Deckers sources its products primarily from independent manufacturers based in Asia.
Amidst the flurry of options trades encircling Deckers Outdoor, let’s pivot our focus to the company itself. Diving into its current standing is paramount.
Deckers Outdoor’s Market Position Today
- With a trading volume of 209,415, DECK’s stock price has surged by 4.56%, now resting at $969.99.
- RSI indicators hint at a potential overbought scenario for the stock at present.
- An earnings report is slated for release in 70 days.
Insights from Analysts on Deckers Outdoor
Over the past month, 3 experts have chimed in with ratings on this stock, setting an average target price of $963.33.
- Telsey Advisory Group has downgraded its rating to Outperform, with a revised price target of $930.
- TD Cowen has upheld its Outperform rating for Deckers Outdoor, maintaining a price target of $1000.
- Expressing concerns, Evercore ISI Group has lowered its rating to Outperform and set a new price target of $960.
Engaging in options trading is akin to navigating uncharted waters, with risks and rewards lurking at every turn. Seasoned traders mitigate these perils by staying abreast of market dynamics, adapting their strategies, and keenly monitoring various indicators. Keep a vigilant eye on the latest options activities surrounding Deckers Outdoor with real-time alerts from Benzinga Pro.