Benzinga | Jan 31, 2022 04:56PM EST

Lowe's Companies Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on Lowe's Companies.

Looking at options history for Lowe's Companies (NYSE:LOW) we detected 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $292,896 and 7, calls, for a total amount of $418,030.

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 $155.0 to $300.0 for Lowe's Companies over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Lowe's Companies'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 Lowe's Companies's whale activity within a strike price range from $155.0 to $300.0 in the last 30 days.

Lowe's Companies 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 InterestLOW CALL TRADE BULLISH 01/20/ $180.00 $160.0K 171 26 23LOW PUT SWEEP BEARISH 03/18/ $230.00 $85.5K 3.0K 600 22LOW PUT SWEEP NEUTRAL 03/18/ $230.00 $76.0K 3.0K 390 22LOW CALL TRADE BEARISH 01/19/ $300.00 $55.3K 583 0 24LOW CALL TRADE BULLISH 01/19/ $300.00 $54.7K 583 60 24

Where Is Lowe's Companies Standing Right Now?

* With a volume of 2,479,988, the price of LOW is up 0.24% at $235.56.

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

* Next earnings are expected to be released in 23 days.

What The Experts Say On Lowe's Companies:

* Evercore ISI Group upgraded its action to Outperform with a price target of $280

* Citigroup has decided to maintain their Buy rating on Lowe's Companies, which currently sits at a price target of $292.

* Morgan Stanley has decided to maintain their Overweight rating on Lowe's Companies, which currently sits at a price target of $280.

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.