A Closer Look at Analog Device Options Market Dynamics – Analog Devices (NASDAQ:ADI)

Investors with a lot of money to spend have taken a bullish stance Analog devices (NASDAQ:ADI).

And retail traders should know this.

We saw this today as positions appeared in the publicly available options history we track at Benzinga.

We don’t know whether they are institutions or just wealthy people. But when something this big happens with ADI, it often means someone knows something is about to happen.

Today, Benzinga’s options scanner detected 10 options trades Analog devices.

It is not normal.

The overall sentiment of these big money investors ranges between 20% bullish and 20% bearish.

Of all the options we discovered, there was 1 put option totaling $25,920 and 9 call options totaling $448,380.

Expected price movements

Analyzing the volume and open interest in these contracts, it appears that large players expected an analog pricing window of $240.0 to $250.0 in the last quarter.

Analyzing volume and open interest

Evaluating the volume and number of open positions is a strategic step in options trading. These indicators shed light on liquidity and investor interest in Analog Devices options at specific strike prices. The upcoming data visualizes fluctuations in volume and open interest in both calls and puts associated with significant Analog Devices trades within the strike price range of $240.0 to $250.0 over the previous 30 days.

Analog device options volume and open interest over the last 30 days

Notable Activity Options:

Symbol	MAKE AN APPOINTMENT/CALL	Trade type	Sentiment	To the power of. Date	Ask	Offer	Price	Strike price	Total trading price	Open interest	volume
ADI	CALL	SWEEP	NEUTRAL	19/07/24	$7.30	$7.2	$7.30	$240.00	145.2 thousand dollars	1.6 thousand	222
ADI	CALL	SWEEP	BEARISH	19/07/24	$7.4	$7.30	$7.30	$240.00	57.6 thousand dollars	1.6 thousand	301
ADI	CALL	SWEEP	NEUTRAL	19/07/24	$7.4	$7.2	$7.30	$240.00	43.8 thousand dollars	1.6 thousand	301
ADI	CALL	TRADE	BULLISH	19/07/24	$7.30	$7.2	$7.3	$240.00	40.1 thousand dollars	1.6 thousand	569
ADI	CALL	TRADE	NEUTRAL	19/07/24	$7.4	$7.2	$7.3	$240.00	36.5 thousand dollars	1.6 thousand	629

About analog devices

Analog Devices is a leading manufacturer of analog, mixed and digital signal processing chips. The company has a significant market share in converter chips, which are used to translate analog signals into digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are to industrial and automotive end markets. Analog Devices chips are also used in wireless infrastructure equipment.

After carefully reviewing the options trades around analog devices, we move on to examine the company in more detail. This includes assessing its current market status and performance.

Where are analog devices currently located?

• With a trading volume of 664,371, the ADI price increased by 1.15% to reach $237.25.
• Current RSI values ​​indicate that the stock may be overbought.
• The next earnings report is scheduled in 89 days.

Options trading involves greater risks and potential rewards. Smart investors manage this risk by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay on top of the latest Analog Devices options trades with real-time alerts from Benzinga Pro.