Check Out What Whales Are Doing With Estee Lauder Cos

Estee Lauder Companies Inc. Class A -0.28%

Estee Lauder Companies Inc. Class A

EL

144.41

-0.28%

Deep-pocketed investors have adopted a bearish approach towards Estee Lauder Cos (NYSE:EL), 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 EL usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Estee Lauder Cos. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 30% leaning bullish and 70% bearish. Among these notable options, 3 are puts, totaling $359,570, and 7 are calls, amounting to $777,415.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $115.0 and $175.0 for Estee Lauder Cos, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Estee Lauder Cos stands at 1960.17, with a total volume reaching 1,661.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Estee Lauder Cos, situated within the strike price corridor from $115.0 to $175.0, throughout the last 30 days.

Estee Lauder Cos Call and Put Volume: 30-Day Overview

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
EL CALL TRADE NEUTRAL 02/16/24 $150.00 $420.0K 686 527
EL PUT SWEEP BULLISH 06/21/24 $175.00 $228.2K 14 72
EL CALL TRADE BEARISH 01/19/24 $140.00 $111.3K 7.5K 117
EL CALL SWEEP BEARISH 01/19/24 $145.00 $98.3K 3.0K 151
EL PUT SWEEP NEUTRAL 01/16/26 $115.00 $80.7K 15 97

About Estee Lauder Cos

Estee Lauder is a leader in the global prestige beauty market, participating across skin care (56% of 2022 sales), makeup (26%), fragrance (14%), and hair care (4%) categories, with top-selling brands such as Estee Lauder, Clinique, M.A.C, La Mer, Jo Malone London, Aveda, Bobbi Brown, and Origins. The firm operates in more than 150 countries, generating 26% of revenue from the Americas, 43% from Europe, the Middle East and Africa (including travel retail), and 31% from Asia Pacific. Estee Lauder sells its products through department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.

Present Market Standing of Estee Lauder Cos

  • With a volume of 345,459, the price of EL is down -0.35% at $147.04.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 38 days.

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. Keep up with the latest options trades for Estee Lauder Cos with Benzinga Pro for real-time alerts.

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