Benzinga | Dec 27, 2021 11:47AM EST

Peloton Interactive Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on Peloton Interactive.

Looking at options history for Peloton Interactive (NASDAQ:PTON) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $396,297 and 5, calls, for a total amount of $1,031,655.

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 $25.0 to $100.0 for Peloton Interactive over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Peloton Interactive options trades today is 2082.67 with a total volume of 2,920.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Peloton Interactive's big money trades within a strike price range of $25.0 to $100.0 over the last 30 days.

Peloton Interactive 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 InterestPTON CALL TRADE BEARISH 01/19/ $40.00 $618.7K 809 451 24PTON CALL SWEEP BULLISH 01/07/ $30.00 $292.0K 474 400 22PTON PUT SWEEP BEARISH 03/18/ $35.00 $145.3K 1.7K 424 22PTON PUT SWEEP BEARISH 02/18/ $40.00 $112.8K 3.5K 311 22PTON PUT TRADE BEARISH 01/21/ $100.00 $61.2K 6.8K 10 22

Where Is Peloton Interactive Standing Right Now?

* With a volume of 6,098,451, the price of PTON is down -2.77% at $37.52.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 38 days.

What The Experts Say On Peloton Interactive:

* Citigroup has decided to maintain their Neutral rating on Peloton Interactive, which currently sits at a price target of $38.

* UBS has decided to maintain their Sell rating on Peloton Interactive, which currently sits at a price target of $30.

* Credit Suisse downgraded its action to Neutral with a price target of $50

* Deutsche Bank downgraded its action to Buy with a price target of $76

* JP Morgan has decided to maintain their Overweight rating on Peloton Interactive, which currently sits at a price target of $70.

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.