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DoorDash Choices Buying and selling: A Deep Dive into Market Sentiment – DoorDash (NASDAQ:DASH)


Deep-pocketed traders have adopted a bullish strategy in the direction of DoorDash DASH, and it is one thing market gamers should not ignore. Our monitoring of public choices data at Benzinga unveiled this important transfer at the moment. The identification of those traders stays unknown, however such a considerable transfer in DASH often suggests one thing large is about to occur.

We gleaned this data from our observations at the moment when Benzinga’s choices scanner highlighted 16 extraordinary choices actions for DoorDash. This stage of exercise is out of the peculiar.

The final temper amongst these heavyweight traders is split, with 50% leaning bullish and 50% bearish. Amongst these notable choices, 5 are places, totaling $465,032, and 11 are calls, amounting to $831,777.

Anticipated Value Actions

Based mostly on the buying and selling exercise, it seems that the numerous traders are aiming for a worth territory stretching from $68.0 to $95.0 for DoorDash over the latest three months.

Quantity & Open Curiosity Growth

When it comes to liquidity and curiosity, the imply open curiosity for DoorDash choices trades at the moment is 1175.09 with a complete quantity of two,654.00.

Within the following chart, we’re capable of comply with the event of quantity and open curiosity of name and put choices for DoorDash’s large cash trades inside a strike worth vary of $68.0 to $95.0 during the last 30 days.

DoorDash 30-Day Choice Quantity & Curiosity Snapshot

Important Choices Trades Detected:

Image PUT/CALL Commerce Sort Sentiment Exp. Date Strike Value Whole Commerce Value Open Curiosity Quantity
DASH CALL SWEEP BEARISH 11/17/23 $80.00 $443.2K 3.2K 470
DASH PUT SWEEP BULLISH 12/01/23 $90.00 $212.5K 7 0
DASH PUT TRADE BEARISH 12/01/23 $90.00 $147.7K 7 1.0K
DASH CALL SWEEP BEARISH 01/19/24 $85.00 $75.2K 2.2K 264
DASH CALL SWEEP BULLISH 02/16/24 $95.00 $70.7K 242 11

About DoorDash

Based in 2013 and headquartered in San Francisco, DoorDash is a web based meals order demand aggregator. Shoppers can use its app to order meals on-demand for pickup or supply from retailers primarily within the U.S. Via the acquisition of Wolt in 2022, the agency additionally offers this service in Europe. DoorDashprovides a market for the retailers to create a presence on-line, market their choices, and meet demand by making the choices accessible for pickup or supply. The agency offers related service to companies along with eating places, equivalent to grocery, retail, pet provides, and flowers. In 2022, the agency generated $53.4 billion in gross order quantity (up 27% yr over yr) and $6.6 billion in income (up 35%).

Present Place of DoorDash

  • With a buying and selling quantity of two,120,853, the worth of DASH is down by -0.31%, reaching $87.2.
  • Present RSI values point out that the inventory is could also be approaching overbought.
  • Subsequent earnings report is scheduled for 94 days from now.

Choices buying and selling presents greater dangers and potential rewards. Astute merchants handle these dangers by frequently educating themselves, adapting their methods, monitoring a number of indicators, and conserving a detailed eye on market actions. Keep knowledgeable concerning the newest DoorDash choices trades with real-time alerts from Benzinga Professional.




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