A Closer Look at Dutch Bros's Options Market Dynamics

Deep-pocketed investors have adopted a bearish approach towards Dutch Bros BROS, 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 BROS usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 9 extraordinary options activities for Dutch Bros. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 33% leaning bullish and 55% bearish. Among these notable options, 3 are puts, totaling $107,460, and 6 are calls, amounting to $245,104.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $110.0 for Dutch Bros over the last 3 months.

Analyzing Volume & Open Interest

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 Dutch Bros’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 Dutch Bros’s whale activity within a strike price range from $60.0 to $110.0 in the last 30 days.

Dutch Bros Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Dutch Bros

Dutch Bros Inc is an operator and franchisor of drive-thru coffee shops that are focused on serving hand-crafted beverages. The company’s hand-crafted beverage-focused lineup features hot and cold espresso-based beverages, cold brew coffee products, proprietary energy drinks, tea, lemonade, smoothies and other beverages. The company has two reportable operating segments Company-operated shops and Franchising. It derives maximum revenue from Company operated shops.

Dutch Bros’s Current Market Status

• With a volume of 3,736,876, the price of BROS is down -1.7% at $68.7.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 41 days.

Expert Opinions on Dutch Bros

3 market experts have recently issued ratings for this stock, with a consensus target price of $82.33.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* An analyst from Morgan Stanley downgraded its action to Overweight with a price target of $82.
* An analyst from Stifel has decided to maintain their Buy rating on Dutch Bros, which currently sits at a price target of $85.
* An analyst from Wells Fargo downgraded its action to Overweight with a price target of $80.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Dutch Bros with Benzinga Pro for real-time alerts.