This is what whales bet on automatic data processing

Someone with a lot of money to spend has taken a bearish stance on Automatic data processing ADP.

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

Today, Benzinga’s options scanner spotted 18 option trades for Automatic data processing.

It is not normal.

The general sentiment of these big traders is split between 44% bullish and 55% bearish.

Among all the options we discovered, there was 1 put, for a total amount of $62,323, and 17 calls, for a total amount of $1,131,877.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have been targeting a price range of $160.0-$240.0 for automatic data processing over the past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of automatic data processing options for a given strike price. Below we can observe the evolution of call and put volume and open interest, respectively, for all Automatic Data Processing whale trades within a strike price range of 160, $0 to $240.0 in the last 30 days.

Automatic data processing 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
ADP CALL TRADE BULLISH 08/26/22 $225.00 $232,000 149 145
ADP CALL TRADE BULLISH 08/19/22 $220.00 $165,000 636 102
ADP CALL SWEEP BEARISH 08/19/22 $222.50 $130.5,000 115 12
ADP CALL SWEEP BULLISH 01/19/24 $240.00 $75,000 65 25
ADP CALL TRADE BULLISH 01/20/23 $160.00 $69.4K 208 9









Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
ADP CALL TRADE BULLISH 08/26/22 $225.00 $232,000 149 145
ADP CALL TRADE BULLISH 08/19/22 $220.00 $165,000 636 102
ADP CALL SWEEP BEARISH 08/19/22 $222.50 $130.5,000 115 12
ADP CALL SWEEP BULLISH 01/19/24 $240.00 $75,000 65 25
ADP CALL TRADE BULLISH 01/20/23 $160.00 $69.4K 208 9

What about automatic data processing?

  • With a volume of 790,830, ADP’s price is up 1.76% to $238.16.
  • RSI indicators suggest that the underlying stock may be overbought.
  • The next results should be published in 90 days.

What the experts say about automatic data processing:

  • Morgan Stanley has decided to maintain its equal weight rating on automatic data processing, which currently sits at a price target of $245.

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 trades for automatic data processing, Benzinga Pro gives you real-time options trade alerts.

Comments are closed.