Benzinga | Jan 4, 2022 11:15AM EST

Check Out What Whales Are Doing With PTON

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 20 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 14 are puts, for a total amount of $1,103,049 and 6, calls, for a total amount of $232,206.

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 $22.5 to $95.0 for Peloton Interactive over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Peloton Interactive's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Peloton Interactive's whale trades within a strike price range from $22.5 to $95.0 in 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 PUT TRADE BEARISH 01/19/ $95.00 $629.6K 1.7K 1 24PTON PUT TRADE BEARISH 02/18/ $35.00 $55.0K 10.2K 391 22PTON PUT SWEEP NEUTRAL 02/18/ $40.00 $53.7K 4.2K 115 22PTON CALL TRADE NEUTRAL 01/19/ $50.00 $49.5K 15.8K 92 24PTON CALL TRADE NEUTRAL 01/19/ $50.00 $49.5K 15.8K 42 24

Where Is Peloton Interactive Standing Right Now?

* With a volume of 7,234,732, the price of PTON is down -7.46% at $32.58.

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

* Next earnings are expected to be released in 30 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.