Benzinga | Jan 31, 2022 02:32PM EST

Check Out What Whales Are Doing With DASH

A whale with a lot of money to spend has taken a noticeably bullish stance on DoorDash.

Looking at options history for DoorDash (NYSE:DASH) we detected 32 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 19 are puts, for a total amount of $1,060,091 and 13, calls, for a total amount of $444,856.

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 $80.0 to $200.0 for DoorDash over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for DoorDash options trades today is 528.78 with a total volume of 11,039.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for DoorDash's big money trades within a strike price range of $80.0 to $200.0 over the last 30 days.

DoorDash 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 InterestDASH PUT TRADE BEARISH 02/18/ $100.00 $179.8K 2.1K 2.1K 22DASH PUT SWEEP BEARISH 06/17/ $125.00 $128.7K 52 50 22DASH PUT SWEEP BEARISH 02/18/ $100.00 $116.5K 2.1K 271 22DASH PUT SWEEP BULLISH 02/18/ $100.00 $73.9K 2.1K 430 22DASH PUT TRADE BULLISH 01/20/ $200.00 $64.5K 41 7 23

Where Is DoorDash Standing Right Now?

* With a volume of 2,998,781, the price of DASH is up 8.25% at $112.22.

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

* Next earnings are expected to be released in 16 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.