Teladoc Health Whale Trades Spotted
A whale with lots of money to spend has taken a noticeably bearish stance on Teladoc Health.
Review of Options History for Teladoc Health TDOC we detected 11 strange trades.
Looking at the specifics of each trade, it is correct to say that 36% of investors opened trades with bullish expectations and 63% with bearish expectations.
Of all the transactions identified, 8 are puts, for a total amount of $429,278 and 3 are calls, for a total amount of $150,250.
What is the target price?
Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $70.0 to $125.0 for Teladoc Health over the past 3 months.
Development of volume and open interest
In terms of liquidity and interest, the average open interest for Teladoc Health options trades today is 2359.8 with a total volume of 1186.00.
In the following chart, we are able to track the development of the volume and open interest of call and put options for large Teladoc Health trades within a strike price range of $70.0 at $125.0 in the last 30 days.
Teladoc Health Option volume and open interest in the last 30 days
The biggest options spotted:
| symbol | PUT/CALL | Kind of trade | Feeling | Exp. Dated | Strike price | Total trade price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TDOC | TO PUT | TRADE | BEARISH | 02/18/22 | $70.00 | $157,500 | 1.2K | 533 |
| TDOC | TO PUT | TO SWEEP UP | BEARISH | 03/18/22 | $70.00 | $68.8,000 | 1.0K | 83 |
| TDOC | TO CALL | TO SWEEP UP | BULLISH | 02/18/22 | $80.00 | $68,000 | 2.8K | 14 |
| TDOC | TO CALL | TO SWEEP UP | BULLISH | 01/19/24 | $125.00 | $54.8,000 | 1.2K | 40 |
| TDOC | TO PUT | TO SWEEP UP | BEARISH | 02/18/22 | $75.00 | $38,100 | 7.2K | 79 |
Where is Teladoc Health right now?
- With a volume of 1,816,470, the price of TDOC is up 7.61% to $75.76.
- RSI indicators suggest that the underlying stock may be oversold.
- The next results should be published in 23 days.
What experts say about Teladoc Health:
- Deutsche Bank has decided to maintain its Hold rating on Teladoc Health, which currently sits at a price target of $81.
Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.
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