Financial giants have made a conspicuous bullish move on DoorDash. Our analysis of options history for DoorDash (NASDAQ:DASH) revealed 13 unusual trades.
Delving into the details, we found 61% of traders were bullish, while 15% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $205,017, and 10 were calls, valued at $1,468,531.
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 $105.0 to $220.0 for DoorDash over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for DoorDash options trades today is 2775.0 with a total volume of 4,114.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DoorDash's big money trades within a strike price range of $105.0 to $220.0 over the last 30 days.
DoorDash Option Activity Analysis: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DASH | CALL | SWEEP | BULLISH | 02/21/25 | $77.05 | $76.7 | $76.97 | $105.00 | $723.3K | 229 | 195 |
| DASH | CALL | SWEEP | BULLISH | 02/21/25 | $77.7 | $74.65 | $76.81 | $105.00 | $245.6K | 229 | 24 |
| DASH | PUT | SWEEP | BULLISH | 01/10/25 | $1.81 | $1.53 | $1.62 | $170.00 | $140.0K | 15.3K | 1.9K |
| DASH | CALL | SWEEP | BULLISH | 02/21/25 | $76.75 | $76.75 | $76.75 | $105.00 | $115.1K | 229 | 88 |
| DASH | CALL | SWEEP | BULLISH | 02/21/25 | $76.75 | $76.75 | $76.75 | $105.00 | $99.7K | 229 | 101 |
About DoorDash
Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe. DoorDash provides a marketplace for the merchants to create a presence online, market their offerings, and meet demand by making the offerings available for pickup or delivery. The firm provides similar service to businesses in addition to restaurants, such as grocery, retail, pet supplies, and flowers.
Having examined the options trading patterns of DoorDash, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of DoorDash
- Currently trading with a volume of 1,710,400, the DASH's price is down by -1.34%, now at $177.09.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 58 days.
Professional Analyst Ratings for DoorDash
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $214.33333333333334.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.* Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on DoorDash with a target price of $211. * An analyst from Truist Securities persists with their Buy rating on DoorDash, maintaining a target price of $217. * Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for DoorDash, targeting a price of $215.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest DoorDash options trades with real-time alerts from Benzinga Pro.
