A Look at Teladoc Health’s Recent Whale Exchanges

Someone with a lot of money to spend has taken a bearish stance on Teladoc Health TDOC.

And retailers should know that.

We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.

Whether it is an institution or just a wealthy individual, we don’t know. But when something this big happens with TDOC, it often means someone knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner spotted 46 uncommon options trades for Teladoc Health.

It is not normal.

The general sentiment of these big traders is split between 47% bullish and 52% bearish.

Of all the special options we discovered, 40 are put options, totaling $2,255,826, and 6 are call options, totaling $282,632.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $30.0 to $150.0 for Teladoc Health over the past 3 months.

Development of volume and open interest

Reviewing volume and open interest is an insightful way to perform due diligence on a security.

This data can help you track the liquidity and interest of Teladoc Health options for a given strike price.

Below we can see the evolution of call and put volume and open interest, respectively, for Teladoc Health’s entire whale business within a strike price range of 30 $.0 to $150.0 in the last 30 days.

Teladoc Health Option volume and open interest in the last 30 days

The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
TDOC PUT TRADE BEARISH 06/05/22 $56.00 $273,000 3 600
TDOC CALL TRADE BULLISH 03/06/22 $30.00 $107,600 0 40
TDOC PUT SCANNING BULLISH 04/29/22 $60.00 $84.5,000 250 375
TDOC PUT TRADE NEUTRAL 06/17/22 $150.00 $84.3K 3.2K 81
TDOC PUT TRADE BULLISH 06/17/22 $150.00 $84.3K 3.2K 59

Where is Teladoc Health right now?

  • With a volume of 1,598,422, the price of TDOC is down -1.51% to $56.9.
  • RSI indicators suggest that the underlying stock is currently neutral between overbought and oversold.
  • The next results should be published in 0 days.

What experts say about Teladoc Health:

  • RBC Capital has decided to maintain its outperform rating on Teladoc Health, which currently sits at a price target of $120.
  • Guggenheim downgraded its stock to Buy with a price target of $96

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay up to date on the latest options trading for {d[company_name]}, Benzinga Pro gives you real-time alerts on options trades.

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