Market Whales and Their Recent Bets on ADI Options - Analog Devices (NASDAQ: ADI)

Recent activity in the options market shows that large investors, often referred to as "whales," are taking a bullish position on Analog Devices (ADI). This movement signifies a strong belief in the company's potential for upward price movement in the near future.

Upon reviewing the options trading history for ADI, we identified a total of 12 significant trades. Notably, about 50% of these trades were initiated with bullish expectations, while 33% were aligned with bearish sentiments. This indicates a mixed outlook from investors overall.

Breaking down the trades further, we found that 7 involved puts, amounting to a total investment of $275,604, while 5 trades were calls, comprising a total of $196,440. This distribution shows considerable interest in both directions, although the bullish trades are more pronounced.

Expected Price Movements

By analyzing the trading volume and open interest data, it appears that major market players are centering their strategies around a price range for Analog Devices between $180.00 and $230.00 over the last three months. This range represents the anticipated price movements based on current options trading activity.

Volume & Open Interest Development

Understanding trading volume and open interest is crucial for anyone involved in options trading. These indicators reveal the level of liquidity and overall investor interest in Analog Devices’ options at specific strike prices. The following data outlines the trends in trading volume and open interest for both calls and puts related to Analog Devices, within the noted price range of $180.00 to $230.00 over the past 30 days.

Analog Devices 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
ADI	CALL	TRADE	BEARISH	11/29/24	$6.9	$6.5	$6.5	$217.50	$65.0K	163	112
ADI	PUT	TRADE	BULLISH	06/20/25	$20.7	$20.0	$20.0	$230.00	$60.0K	1.1K	30
ADI	PUT	SWEEP	BULLISH	12/20/24	$2.9	$2.55	$2.55	$210.00	$47.1K	1.8K	501
ADI	PUT	TRADE	BULLISH	11/29/24	$4.4	$4.0	$4.0	$222.50	$40.0K	166	195
ADI	PUT	SWEEP	BULLISH	02/21/25	$3.8	$2.7	$2.7	$190.00	$39.9K	70	200

About Analog Devices

Analog Devices is a prominent manufacturer of analog, mixed signal, and digital signal processing chips. The company holds a significant market share, especially in converter chips that change analog signals into digital format and vice versa. A large segment of Analog Devices' sales targets industrial and automotive markets, with their chips also being utilized in wireless infrastructure.

After a close examination of the options trading activities surrounding Analog Devices, it's worthwhile to delve deeper into its current market performance and positioning.

Current Position of Analog Devices

• The company's current trading volume is 4,673,920, with ADI's price down by -3.07%, now resting at $216.71.
• The Relative Strength Index (RSI) readings indicate that the stock is currently in a neutral zone, between overbought and oversold conditions.
• The next earnings release is anticipated within the next day.

What Analysts Are Saying About Analog Devices

In the past month, one analyst has evaluated this stock and proposed an average target price of $220.00.

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Whales, ADI, Options