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Decoding DoorDash's Options Activity: What's the Big Picture?
DoorDash, Inc. Class A -2.35%
DoorDash, Inc. Class A DASH | 179.17 | -2.35% |
Deep-pocketed investors have adopted a bearish approach towards DoorDash (NASDAQ:DASH), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DASH usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for DoorDash. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 50% bearish. Among these notable options, 6 are puts, totaling $526,058, and 2 are calls, amounting to $61,433.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $230.0 for DoorDash over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for DoorDash options trades today is 520.33 with a total volume of 4,740.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DoorDash's big money trades within a strike price range of $160.0 to $230.0 over the last 30 days.
DoorDash 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DASH | PUT | TRADE | BEARISH | 03/13/26 | $2.0 | $1.64 | $2.0 | $160.00 | $173.6K | 2.1K | 879 |
| DASH | PUT | TRADE | BEARISH | 03/13/26 | $2.0 | $1.64 | $2.0 | $160.00 | $129.6K | 2.1K | 1.5K |
| DASH | PUT | TRADE | BEARISH | 03/13/26 | $1.97 | $1.8 | $1.97 | $160.00 | $120.7K | 2.1K | 2.1K |
| DASH | PUT | SWEEP | BEARISH | 03/13/26 | $6.4 | $6.1 | $6.4 | $175.00 | $45.4K | 62 | 73 |
| DASH | CALL | TRADE | BULLISH | 12/18/26 | $17.55 | $15.45 | $16.83 | $230.00 | $35.3K | 88 | 30 |
About DoorDash
Founded in 2013 within the confines of the San Francisco application renaissance, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food on demand for delivery or in-store pickup from participating merchants. Following the 2022 acquisition of Wolt, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish an online presence, market their offerings, and meet demand through delivery. The firm provides similar services to non-restaurant businesses, such as grocery, retail, and pet supplies. DoorDash is also rolling out emerging technologies, such as drone delivery, to continually innovate and deliver the best possible service to both supply-side and demand-side participants in its marketplace.
Following our analysis of the options activities associated with DoorDash, we pivot to a closer look at the company's own performance.
Current Position of DoorDash
- Trading volume stands at 1,436,696, with DASH's price down by -0.95%, positioned at $174.8.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 64 days.
What The Experts Say On DoorDash
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $261.2.
- An analyst from DA Davidson has decided to maintain their Neutral rating on DoorDash, which currently sits at a price target of $224.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for DoorDash, targeting a price of $272.
- An analyst from UBS persists with their Neutral rating on DoorDash, maintaining a target price of $240.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on DoorDash with a target price of $340.
- An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on DoorDash, which currently sits at a price target of $230.
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.
