Financial giants have made a conspicuous bullish move on O'Reilly Automotive. Our analysis of options history for O'Reilly Automotive (NASDAQ:ORLY) revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $136,701, and 7 were calls, valued at $311,525.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $950.0 to $1060.0 for O'Reilly Automotive during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for O'Reilly Automotive's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across O'Reilly Automotive's significant trades, within a strike price range of $950.0 to $1060.0, over the past month.
O'Reilly Automotive Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ORLY | PUT | SWEEP | BULLISH | 06/21/24 | $8.6 | $8.5 | $8.6 | $1030.00 | $92.2K | 40 | 7 |
| ORLY | CALL | SWEEP | BULLISH | 06/21/24 | $36.5 | $33.0 | $36.5 | $1010.00 | $73.0K | 82 | 84 |
| ORLY | CALL | SWEEP | BEARISH | 06/21/24 | $15.1 | $8.7 | $12.6 | $1010.00 | $60.4K | 82 | 1 |
| ORLY | CALL | SWEEP | BULLISH | 06/21/24 | $27.8 | $24.6 | $24.6 | $1010.00 | $49.2K | 82 | 62 |
| ORLY | PUT | TRADE | BEARISH | 08/16/24 | $44.5 | $44.0 | $44.5 | $1060.00 | $44.5K | 45 | 0 |
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.
After a thorough review of the options trading surrounding O'Reilly Automotive, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of O'Reilly Automotive
- With a trading volume of 647,170, the price of ORLY is up by 3.57%, reaching $1043.25.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 37 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest O'Reilly Automotive options trades with real-time alerts from Benzinga Pro.