Unpacking the Latest Options Trading Trends in JD.com – JD.com (NASDAQ:JD)
Deep-pocketed investors have adopted a bearish approach towards JD.com JD, and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in JD usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 9 extraordinary options activities for JD.com. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 44% bearish. Among these notable options, 7 are puts, totaling $740,473, and 2 are calls, amounting to $61,445.
What’s The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $26.0 to $32.5 for JD.com over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for JD.com’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 JD.com’s whale trades within a strike price range from $26.0 to $32.5 in the last 30 days.
JD.com Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JD | PUT | SWEEP | NEUTRAL | 06/21/24 | $2.3 | $2.23 | $2.23 | $32.50 | $204.2K | 13.3K | 3.0K |
| JD | PUT | SWEEP | BEARISH | 06/21/24 | $2.23 | $2.22 | $2.23 | $32.50 | $185.0K | 13.3K | 1.2K |
| JD | PUT | SWEEP | BEARISH | 06/21/24 | $1.54 | $1.53 | $1.54 | $31.00 | $126.4K | 1.2K | 88 |
| JD | PUT | SWEEP | BULLISH | 06/21/24 | $2.23 | $2.23 | $2.23 | $32.50 | $84.5K | 13.3K | 16 |
| JD | PUT | SWEEP | BULLISH | 05/17/24 | $1.38 | $1.28 | $1.29 | $32.00 | $51.6K | 2.0K | 804 |
About JD.com
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
After a thorough review of the options trading surrounding JD.com, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is JD.com Standing Right Now?
- Trading volume stands at 1,684,297, with JD’s price down by -0.4%, positioned at $32.74.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 10 days.
Professional Analyst Ratings for JD.com
In the last month, 3 experts released ratings on this stock with an average target price of $39.666666666666664.
- An analyst from Benchmark downgraded its action to Buy with a price target of $55.
- An analyst from Goldman Sachs has revised its rating downward to Buy, adjusting the price target to $37.
- An analyst from Morgan Stanley downgraded its action to Equal-Weight with a price target of $27.
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 JD.com options trades with real-time alerts from Benzinga Pro.
