Investors with a lot of money to spend have taken a bullish stance on Floor & Decor Hldgs (NYSE:FND).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with FND, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Floor & Decor Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 87% bullish and 12%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $45,000, and 7, calls, for a total amount of $325,053.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $160.0 for Floor & Decor Hldgs over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Floor & Decor Hldgs options trades today is 469.67 with a total volume of 745.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Floor & Decor Hldgs's big money trades within a strike price range of $120.0 to $160.0 over the last 30 days.
Floor & Decor Hldgs Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
About Floor & Decor Hldgs
Floor & Decor Holdings Inc operates as a specialty retailer in the hard surface flooring market. Its stores offer a range of tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories at everyday low prices. It appeals to a variety of customers including professional installers, commercial businesses, Do It Yourself (DIY) customers, and customers who buy the products for professional installation. Geographically, the group has a presence in the United States region and also offers its product through an e-commerce site.
In light of the recent options history for Floor & Decor Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Floor & Decor Hldgs Standing Right Now?
- With a volume of 460,808, the price of FND is up 5.71% at $122.47.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 50 days.
Expert Opinions on Floor & Decor Hldgs
1 market experts have recently issued ratings for this stock, with a consensus target price of $125.0.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on Floor & Decor Hldgs with a target price of $125.
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 Floor & Decor Hldgs with Benzinga Pro for real-time alerts.
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