Investors with a lot of money to spend have taken a bearish stance on Whirlpool (WHR), and retail traders should take note. This observation was made when publicly available options history showed significant positions being taken on WHR. Whether these are institutions or wealthy individuals, the fact that such large positions are being taken often signifies that someone may have inside information or anticipates a major market move.
Today, Benzinga’s options scanner detected 11 options trades for Whirlpool, which is not a common occurrence. The overall sentiment among these big-money traders is split between 36% bullish and 63% bearish. Out of the options uncovered, there was 1 put trade totaling $100,056 and 10 call trades totaling $510,270.
After evaluating trading volumes and Open Interest, it appears that major market movers are focusing on a price range between $95.0 and $125.0 for Whirlpool over the last three months. Examining the volume and open interest trends provides crucial insights into stock research and helps gauge liquidity and interest levels for Whirlpool’s options within a strike price range of $95.0 to $125.0 over the past month.
The largest options trades observed for Whirlpool include a bullish put trade expiring on 01/17/25 at a strike price of $95.00 totaling $100.0K, and a bearish call trade expiring on 04/19/24 at a strike price of $107.00 totaling $77.0K.
Whirlpool Corporation is a manufacturer and marketer of home appliances and related products, with segments including Domestic Appliances (MDA) North America, MDA Europe, MDA Latin America, MDA Asia, and Small Domestic Appliances (SDA). The company’s product categories include refrigeration, laundry, cooking, and dishwashing, as well as a portfolio of small domestic appliances.
Currently, Whirlpool’s trading volume stands at 552,142 with the price up by 0.32% at $111.18. RSI indicators suggest the stock may be approaching overbought territory, and an earnings announcement is expected in 28 days.
Options trading presents higher risks and potential rewards, and it is essential for traders to manage these risks by staying informed, adapting strategies, monitoring indicators, and keeping a close eye on market movements. Stay updated on the latest Whirlpool options trades with real-time alerts from Benzinga Pro.
