Investors with a lot of money to spend have taken a bearish stance on Etsy ETSY.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ETSY, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for Etsy.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $315,760, and 8 are calls, for a total amount of $711,805.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $75.0 for Etsy over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Etsy options trades today is 1324.38 with a total volume of 973.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Etsy's big money trades within a strike price range of $55.0 to $75.0 over the last 30 days.
Etsy Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ETSY | CALL | TRADE | BULLISH | 06/20/25 | $9.15 | $8.95 | $9.15 | $65.00 | $200.3K | 386 | 1 |
| ETSY | CALL | SWEEP | BEARISH | 07/19/24 | $5.1 | $5.0 | $5.0 | $55.00 | $196.5K | 695 | 7 |
| ETSY | PUT | SWEEP | BULLISH | 01/17/25 | $8.05 | $8.0 | $8.0 | $60.00 | $125.6K | 4.6K | 0 |
| ETSY | CALL | SWEEP | BEARISH | 08/16/24 | $6.75 | $6.65 | $6.7 | $55.00 | $73.0K | 35 | 26 |
| ETSY | CALL | SWEEP | BEARISH | 12/20/24 | $5.65 | $5.6 | $5.6 | $65.00 | $70.0K | 557 | 1 |
About Etsy
Etsy operates a top-10 e-commerce marketplace operator in the US and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.2 billion in 2023 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2023, the firm connected more than 96 million buyers and 9 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
Having examined the options trading patterns of Etsy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Etsy
- Trading volume stands at 2,701,025, with ETSY's price down by -1.75%, positioned at $57.67.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 43 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Etsy with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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