Benzinga’s options scanner recently scouted over 9 options trades for Estee Lauder Cos (NYSE:EL) worth a total of $559,134. Concurrently, the algorithm detected 7 trades totaling $525,294.
Whales Aiming for a Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $131.0 for Estee Lauder Cos over the last 3 months.
Insightful Volume & Open Interest Development
Tracking the volume and open interest provides valuable insights into a stock’s liquidity and interest, particularly in the options market.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Estee Lauder Cos’s whale activity within a strike price range from $115.0 to $131.0 in the last 30 days.
Recent Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| EL | PUT | TRADE | BULLISH | 01/16/26 | $120.00 | $309.7K | 1.0K | 177 |
| EL | PUT | TRADE | BULLISH | 02/16/24 | $130.00 | $79.8K | 789 | 7 |
| EL | CALL | TRADE | NEUTRAL | 02/09/24 | $130.00 | $34.4K | 93 | 42 |
| EL | CALL | SWEEP | BULLISH | 08/16/24 | $130.00 | $33.8K | 77 | 22 |
| EL | PUT | SWEEP | BULLISH | 02/16/24 | $131.00 | $29.0K | 25 | 45 |
Understanding Estee Lauder Cos
Estee Lauder is a leader in the global prestige beauty market. It participates across various categories such as skin care (56% of 2022 sales), makeup (26%), fragrance (14%), and hair care (4%). The firm operates in more than 150 countries and sells its products through various channels including department stores, travel retail, specialty multibrand beauty stores, and e-commerce.
Estee Lauder Cos’s Current Market Status
- Currently trading with a volume of 1,906,076, the EL’s price is up by 2.63%, now at $134.24.
- RSI readings suggest the stock is currently neutral between overbought and oversold.
- Anticipated earnings release is in 7 days.
Expert Opinions on Estee Lauder Cos
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $135.5.
- An analyst from Barclays persists with their Equal-Weight rating on Estee Lauder Cos, maintaining a target price of $121.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Estee Lauder Cos, targeting a price of $150.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Estee Lauder Cos with Benzinga Pro for real-time alerts.