This Is What Whales Are Betting On AutoZone – AutoZone (NYSE:AZO) – Benzinga

A whale with a lot of money to spend has taken a noticeably bearish stance on AutoZone.
Looking at options history for AutoZone AZO we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $249,610 and 4, calls, for a total amount of $154,300.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2100.0 to $2300.0 for AutoZone over the last 3 months.
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 AutoZone'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 AutoZone's whale activity within a strike price range from $2100.0 to $2300.0 in the last 30 days.

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AZO PUT TRADE BEARISH 08/19/22 $2180.00 $55.3K 5 13
AZO PUT TRADE NEUTRAL 07/15/22 $2300.00 $53.9K 2 5
AZO PUT TRADE BULLISH 07/22/22 $2185.00 $50.0K 0 10
AZO CALL TRADE BEARISH 07/15/22 $2100.00 $49.4K 30 11
AZO CALL TRADE BEARISH 07/15/22 $2100.00 $48.9K 30 6

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 want to stay updated on the latest options trades for AutoZone, Benzinga Pro gives you real-time options trades alerts.
© 2022 Benzinga does not provide investment advice. All rights reserved.


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