Discovering the Latest Trends in Options Trading on Analog Devices

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

And retail investors should know this.

We noticed this today as the trades appeared in the publicly available options histories we track at Benzinga.

We don’t know if these are institutions or just wealthy individuals. But when something this big happens with ADI, it often means someone knows something is going to happen.

So how do we know what these investors just did?

Today Benzinga’s options screener spotted 11 unusual options trades on Analog Devices.

It is not normal.

The overall sentiment of these stock market investors is split between 54% optimistic and 18% pessimistic.

Of all the special options we discovered, 2 were put options with a total value of $555,010 and 9 were call options with a total value of $599,561.

What is the target price?

An analysis of the volume and open interest of these contracts indicates that large players were expecting a price range of $230.0 to $260.0 for Analog Devices shares in the last quarter.

Volume and Open Position Analysis

Volume and open interest research provides key insights into stock analysis. This information is key in assessing the liquidity and interest levels of Analog Devices options at specific strike prices. Below is a snapshot of the trends in volume and open interest for call and put options in significant Analog Devices trades between the $230.0 and $260.0 strike price ranges over the past month.

Analog Devices 30-Day Option Volume and Interest Snapshot

Notable activity options:

Symbol	PUT/CALL	Type of trade	Sentiment	The term of validity	Ask	Offer	Price	Execution price	Total Trade Price	Open interest	volume
ADI	PLACE	TRADE	BULLISH	20.06.25	22.1	21.00 PLN	$21.18	240.00 PLN	529.5 thousand dollars	116	0
ADI	CALL	TRADE	NEUTRAL	01/17/25	13.2 PLN	13.00 PLN	13.11 PLN	260.00 PLN	196.6 thousand dollars	276	0
ADI	CALL	SWEEP	BULLISH	16.08.24	4.99 PLN	4.99 PLN	4.99 PLN	250.00 PLN	122.5 thousand dollars	1.3 thousand	308
ADI	CALL	SWEEP	BULLISH	16.08.24	4.99 PLN	4.7 PLN	4.99 PLN	250.00 PLN	60.2k dollars	1.3 thousand	179
ADI	CALL	SWEEP	BULLISH	19.07.24	2.4 dollars	2.3 dollars	2.4 dollars	242.50 PLN	50.1k dollars	179	1

About Analog Devices

Analog Devices is a leading manufacturer of integrated circuits for analog, mixed-signal, and digital signal processing. The company has a significant market share in converter ICs, which translate analog signals into digital and vice versa. The company serves tens of thousands of customers, with more than half of its IC sales going to the industrial and automotive markets. Analog Devices ICs are also incorporated into wireless infrastructure equipment.

After a thorough review of the options trading surrounding Analog Devices, we move on to a more in-depth examination of the company. This includes an assessment of its current market status and performance.

Analog Devices’ Current Market Status

• With a current trading volume of 1,213,366, the ADI price is up 2.15% to currently trade at $242.84.
• RSI readings suggest that shares may now be approaching overbought levels.
• Expected publication of financial results will take place in 36 days.

What analysts say about analog devices

Over the last month, 1 industry analysts have shared their views on this stock, proposing an average price target of $250.0.

• An analyst at Cantor Fitzgerald cautiously downgraded the stock to Neutral, setting a price target of $250.

Options trading comes with higher risks, but also offers the potential for higher rewards. Experienced traders mitigate these risks through ongoing education, strategic trading adjustments, utilizing various indicators, and staying in tune with market dynamics. Stay up to date with the latest Analog Devices options trades with Benzinga Pro to get real-time alerts.