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Investors with a lot of money to spend have taken a bullish stance on Estee Lauder Cos EL . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with EL, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga 's options scanner spotted 11 uncommon options trades for Estee Lauder Cos.
This isn't normal. The overall sentiment of these big-money traders is split between 63% bullish and 27%, bearish. Out of all of the special options we uncovered, 6 are puts, for a total amount of $1,453,514, and 5 are calls, for a total amount of $236,789.
Projected Price Targets After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $125.0 for Estee Lauder Cos, spanning the last three months.
Volume & Open Interest Development Looking at the volume and open interest is an insightful way to conduct due diligence on a stock. This data can help you track the liquidity and interest for Estee Lauder Cos'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 Estee Lauder Cos's whale activity within a strike price range from $6.