Financial giants have made a conspicuous bullish move on O'Reilly Automotive. Our analysis of options history for O'Reilly Automotive (NASDAQ:ORLY) revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $485,940, and 7 were calls, valued at $327,317.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $990.0 to $1050.0 for O'Reilly Automotive during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for O'Reilly Automotive options trades today is 90.0 with a total volume of 56.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for O'Reilly Automotive's big money trades within a strike price range of $990.0 to $1050.0 over the last 30 days.
O'Reilly Automotive Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORLY | PUT | SWEEP | BULLISH | 08/16/24 | $46.5 | $44.9 | $44.9 | $1020.00 | $242.4K | 126 | 0 |
| ORLY | PUT | SWEEP | BULLISH | 08/16/24 | $41.5 | $39.5 | $39.5 | $1010.00 | $213.3K | 130 | 0 |
| ORLY | CALL | TRADE | NEUTRAL | 07/19/24 | $31.0 | $23.4 | $27.92 | $1000.00 | $131.2K | 97 | 0 |
| ORLY | CALL | SWEEP | BEARISH | 12/20/24 | $68.8 | $64.1 | $64.1 | $1030.00 | $45.0K | 26 | 0 |
| ORLY | CALL | TRADE | NEUTRAL | 12/20/24 | $68.2 | $61.6 | $65.4 | $1030.00 | $32.7K | 26 | 22 |
About O'Reilly Automotive
O'Reilly is an aftermarket automotive parts retailer in the United States and Mexico with nearly $16 billion in annual sales. The company operates over 6,000 domestic stores and serves both the do-it-yourself (about 55% of sales) and professional (45% of sales) end markets. Despite operating amid a highly fragmented industry, O'Reilly differentiates itself by providing quality service to its customers throughout the entirety of the vehicle diagnosis and purchasing process. Furthermore, the firm boasts an impressive hub-and-spoke distribution network designed to provide its localized store base with ample aftermarket product availability across a variety of vehicle makes and models.
In light of the recent options history for O'Reilly Automotive, it's now appropriate to focus on the company itself. We aim to explore its current performance.
O'Reilly Automotive's Current Market Status
- With a trading volume of 13,343, the price of ORLY is down by -0.56%, reaching $998.61.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 41 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
