A look at Costco Wholesale’s recent whale deals


Someone with a lot of money to spend has taken a bearish stance Costco Wholesale COSTS.

And retailers should know.

We noticed this today when the big position in the history of publicly available options that we are tracking here at Benzinga came up.

Whether this is an institution or just a wealthy person, we don’t know. But when something this big happens at COST, it often means someone knows something is going to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner discovered 34 unusual options deals for Costco Wholesale.

That’s not normal.

The overall sentiment of these big money traders is split between 41% bullish and 58% bearish.

Of all the special options we uncovered, 20 are puts totaling $1,040,686 and 14 are calls totaling $752,439.

What is the course objective?

Considering the volume and open interest in these contracts, it appears that whales have been targeting a price range of $300.0 to $660.0 for Costco Wholesale over the past 3 months.

Volume and open interest development

Looking at volume and open interest is an insightful way to do due diligence on a stock.

This data can help you track liquidity and interest in Costco Wholesale options at a given strike price.

Below we can observe the evolution of volume and open interest of calls/puts for all Costco Wholesale whale activity within a strike price range of $300.0 to $660.0 over the last 30 days.

Costco Wholesale option volume and open interest over the last 30 days

Biggest options discovered:

symbol PUT/CALL commercial type feeling Ext. date exercise price total commercial price open interest volume
COSTS PLACE ACT BULLISH 10/21/22 $545.00 $186,800 157 139
COSTS CALL ACT BEARY 09/16/22 $540.00 $124,400 1.4K 149
COSTS CALL ACT BULLISH 01/20/23 $660.00 $115,000 899 210
COSTS PLACE ACT BEARY 10/21/22 $615.00 $80,600 75 21
COSTS PLACE ACT BULLISH 10/21/22 $615.00 $80,500 75 32

Where does Costco Wholesale stand right now?

  • With a volume of 1,115,849, the price of COST is up 1.32% to $544.32.
  • RSI indicators are suggesting that the underlying stock may be overbought.
  • The next earnings are expected to be released in 38 days.

What the experts say about Costco Wholesale:

  • Goldman Sachs has decided to keep its Buy rating on Costco Wholesale, which currently has a price target of $573.
  • Raymond James has chosen to maintain its Outperform rating on Costco Wholesale, which currently has a price target of $600.

Options are a riskier asset compared to just stock trading, but they have higher profit potential. Reputable options traders manage this risk by educating themselves daily, entering and exiting trades, following more than one indicator, and following the markets closely.

If you want to stay up to date on the latest options trades for Costco Wholesale, get real-time options trading alerts with Benzinga Pro.


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