Financial giants have made a conspicuous bearish move on e.l.f. Beauty. Our analysis of options history for e.l.f. Beauty (NYSE:ELF) revealed 18 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 77% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $614,625, and 3 were calls, valued at $85,857.
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 $100.0 to $170.0 for e.l.f. Beauty during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for e.l.f. Beauty's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of e.l.f. Beauty's whale activity within a strike price range from $100.0 to $170.0 in the last 30 days.
e.l.f. Beauty 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ELF | PUT | SWEEP | BEARISH | 11/15/24 | $14.0 | $13.6 | $14.0 | $135.00 | $81.0K | 55 | 936 |
| ELF | PUT | SWEEP | BEARISH | 11/15/24 | $13.5 | $12.6 | $13.5 | $135.00 | $58.0K | 55 | 455 |
| ELF | PUT | SWEEP | BEARISH | 11/15/24 | $10.5 | $10.3 | $10.5 | $125.00 | $57.7K | 61 | 56 |
| ELF | PUT | TRADE | BEARISH | 11/15/24 | $13.5 | $13.1 | $13.5 | $135.00 | $43.2K | 55 | 367 |
| ELF | PUT | TRADE | BEARISH | 11/15/24 | $13.5 | $13.1 | $13.4 | $135.00 | $42.8K | 55 | 335 |
About e.l.f. Beauty
e.l.f. Beauty Inc is a cosmetic company based in the United States. The company offers cosmetic accessories for women which include eyeliner, mascara, false eyelashes, lipstick, the foundation for the face, moisturizer, cleanser, and other tools through its stores and e-commerce channels. The products that the company sells are marketed under the e.l.f. Cosmetics, W3LL PEOPLE and Keys Soulcare brands. It carries out the sales within the US and internationally, out of which maximum revenue is generated from the US.
Having examined the options trading patterns of e.l.f. Beauty, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is e.l.f. Beauty Standing Right Now?
- With a trading volume of 412,860, the price of ELF is down by -1.27%, reaching $162.0.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 9 days from now.
What Analysts Are Saying About e.l.f. Beauty
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $190.0.
- An analyst from TD Cowen upgraded its action to Buy with a price target of $190.
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.