Benzinga | Dec 10, 2021 01:59PM EST

Teladoc Health Whale Trades For December 10

Someone with a lot of money to spend has taken a bearish stance on Teladoc Health (NYSE:TDOC).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TDOC, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Teladoc Health.

This isn't normal.

The overall sentiment of these big-money traders is split between 30.0% bullish and 70.0%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $913,440.00, and 3 are calls, for a total amount of $530,180.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $190.0 for Teladoc Health over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Teladoc Health options trades today is 6080.29 with a total volume of 3,665.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Teladoc Health's big money trades within a strike price range of $90.0 to $190.0 over the last 30 days.

Teladoc Health Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestTDOC PUT SWEEP NEUTRAL 01/20/ $160.00 $655.2K 3.9K 800 23TDOC CALL SWEEP BEARISH 01/19/ $190.00 $195.0K 21.8K 1.7K 24TDOC CALL SWEEP BEARISH 01/19/ $190.00 $185.1K 21.8K 442 24TDOC CALL SWEEP BEARISH 01/19/ $190.00 $150.0K 21.8K 254 24TDOC PUT TRADE BEARISH 03/18/ $95.00 $55.7K 215 52 22

Where Is Teladoc Health Standing Right Now?

* With a volume of 1,823,770.00, the price of TDOC is down -0.44% at $94.56.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 75 days.

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

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.