High-rolling investors have positioned themselves bullish on Axon Enterprise (NASDAQ:AXON), and it’s important for retail traders to take note.
This activity came to our attention today through Benzinga’s tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in AXON often signals that someone has privileged information.
Today, Benzinga’s options scanner spotted 8 options trades for Axon Enterprise. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $65,660, and 7 calls, totaling $237,577.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $320.0 for Axon Enterprise over the last 3 months.
Analyzing Volume & Open Interest
In today’s trading context, the average open interest for options of Axon Enterprise stands at 119.67, with a total volume reaching 538.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Axon Enterprise, situated within the strike price corridor from $200.0 to $320.0, throughout the last 30 days.
Axon Enterprise Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AXON | PUT | SWEEP | NEUTRAL | 07/19/24 | $32.0 | $30.5 | $31.32 | $320.00 | $65.6K | 295 | 32 |
| AXON | CALL | SWEEP | BULLISH | 07/19/24 | $4.9 | $4.6 | $4.9 | $310.00 | $49.4K | 209 | 111 |
| AXON | CALL | SWEEP | BULLISH | 07/19/24 | $5.4 | $5.1 | $5.4 | $310.00 | $43.2K | 209 | 376 |
| AXON | CALL | TRADE | NEUTRAL | 01/16/26 | $64.9 | $60.5 | $62.8 | $290.00 | $31.4K | 28 | 5 |
| AXON | CALL | SWEEP | BULLISH | 09/20/24 | $31.3 | $29.5 | $30.3 | $280.00 | $30.3K | 6 | 11 |
About Axon Enterprise
Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software & sensors. Taser develops and sells CEDs used for protecting users and…
Click Here to Read the Full Original Article at Cryptocurrencies Feed…
