Deep-pocketed investors have adopted a bearish approach towards AeroVironment (NASDAQ:AVAV), 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 AVAV 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 AeroVironment. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 12% leaning bullish and 75% bearish. Among these notable options, 4 are puts, totaling $244,025, and 4 are calls, amounting to $236,546.
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 $120.0 to $280.0 for AeroVironment during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for AeroVironment'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 AeroVironment's whale trades within a strike price range from $120.0 to $280.0 in the last 30 days.
AeroVironment 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AVAV | PUT | SWEEP | BEARISH | 07/19/24 | $5.4 | $4.5 | $5.4 | $180.00 | $124.2K | 244 | 2 |
| AVAV | CALL | SWEEP | BEARISH | 07/19/24 | $12.0 | $11.3 | $11.3 | $200.00 | $86.9K | 574 | 129 |
| AVAV | CALL | TRADE | BULLISH | 12/20/24 | $8.4 | $7.6 | $8.4 | $280.00 | $84.0K | 1 | 1 |
| AVAV | PUT | TRADE | BEARISH | 07/19/24 | $12.7 | $11.3 | $12.3 | $190.00 | $61.5K | 228 | 43 |
| AVAV | CALL | SWEEP | BEARISH | 07/19/24 | $6.0 | $5.6 | $5.6 | $220.00 | $33.6K | 302 | 187 |
About AeroVironment
AeroVironment Inc operates under a single business segment in which it supplies unmanned aircraft systems, tactical missile systems, high-altitude pseudo-satellites, and other related services to government agencies within the United States Department of Defense as well as the United States allied international governments. The systems can help with security, surveillance, or sensing, and provide "eyes in the sky" without needing an actual person, or driver, in the sky.
After a thorough review of the options trading surrounding AeroVironment, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
AeroVironment's Current Market Status
- With a volume of 727,012, the price of AVAV is up 1.71% at $196.0.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 0 days.
Professional Analyst Ratings for AeroVironment
In the last month, 1 experts released ratings on this stock with an average target price of $255.0.
- In a cautious move, an analyst from BTIG downgraded its rating to Buy, setting a price target of $255.
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.