Some rich people are betting that the price of Costco Wholesale's stock will go down. They are doing this by buying options, which are a special way to trade stocks. We noticed this because it's not a normal amount of options trading for Costco Wholesale. Read from source...
"Looking At Costco Wholesale's Recent Unusual Options Activity".
AI can analyze the text for information and provide comprehensive investment recommendations and risks based on the text. Here is a summary of the text:
Key points:
- The text is an article from Benzinga Insights that analyzes the recent unusual options trading activity for Costco Wholesale (COST)
- The text mentions that wealthy investors have taken a bearish stance on COST, with 30% bullish and 40% bearish sentiment
- The text lists some of the biggest options spotted, the price range they target, and the open interest and volume of the contracts
- The text also provides some background information on Costco Wholesale's business model and market position
- The text ends with a brief overview of the experts' ratings and price targets for COST
Summary:
The article from Benzinga Insights examines the options trading activity for Costco Wholesale, a membership-based retailer that operates over 800 warehouses worldwide. The article reports that some wealthy investors have sold put options on COST, indicating a bearish outlook on the stock. The article also shows that some investors have bought call options on COST, suggesting a bullish outlook. The article reveals the price range that the investors are targeting, as well as the open interest and volume of the options contracts. The article also gives some basic information on Costco Wholesale's business model and market share, and summarizes the latest analyst ratings and price targets for COST. The article is intended to help retail traders understand the options trading activity and make informed decisions.