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Automatic Data Processing Unusual Options Activity For February 09

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Financial giants have made a conspicuous bearish move on Automatic Data Processing. Our analysis of options history for Automatic Data Processing ADP revealed 16 unusual trades.

Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $190,030, and 10 were calls, valued at $301,539.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $250.0 and $270.0 for Automatic Data Processing, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Automatic Data Processing’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Automatic Data Processing’s significant trades, within a strike price range of $250.0 to $270.0, over the past month.

Automatic Data Processing Call and Put Volume: 30-Day Overview

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Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ADP CALL TRADE BULLISH 01/17/25 $270.00 $38.8K 871 74
ADP PUT TRADE BULLISH 01/17/25 $260.00 $34.0K 203 16
ADP CALL SWEEP BEARISH 05/17/24 $250.00 $33.4K 1.1K 280
ADP CALL TRADE BULLISH 05/17/24 $250.00 $33.1K 1.1K 221
ADP PUT TRADE NEUTRAL 05/17/24 $250.00 $32.4K 1.1K 401

About Automatic Data Processing

ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP’s employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

Where Is Automatic Data Processing Standing Right Now?

  • Trading volume stands at 587,104, with ADP’s price down by -0.25%, positioned at $250.44.
  • RSI indicators show the stock to be may be overbought.
  • Earnings announcement expected in 75 days.

Expert Opinions on Automatic Data Processing

2 market experts have recently issued ratings for this stock, with a consensus target price of $255.0.

  • An analyst from B of A Securities has elevated its stance to Neutral, setting a new price target at $243.
  • In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $267.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Automatic Data Processing options trades with real-time alerts from Benzinga Pro.

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