What the whales are doing with Teladoc Health – Teladoc Health (NYSE:TDOC)

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

And retailers should know.

We noticed this today when the large position appeared in the publicly available options history that we track here at Benzinga.

Whether this is an institution or just a rich person, we do not know. But when something this big happens to TDOC, it often means someone knows something is going to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner spotted 33 unusual options trades for Teladoc Health.

It is not normal.

The overall sentiment among these big money traders is split between 24% bullish and 75% bearish.

Of all the special options we uncovered, 31 were puts, for a total of $2,789,098, and 2 were calls, for a total of $102,595.

What is the target price?

Taking into account the volume and open interest on these contracts, it appears that whales have been targeting a price range of $22.5 to $440.0 for Teladoc Health over the past 3 months.

Volume development and open interest

Looking at volume and open interest is a powerful move in options trading. This data can help you track the liquidity and interest in Teladoc Health options for a given strike price. Below we can observe the development of call and put volume and open interest, respectively, for all Teladoc Health whale trades within a strike price range of $22.5 to $440.0 over the past 30 days.

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

Biggest Options Spotted:

Symbol PUT/CALL Trade type moods Exp. Date Strike Price Total trade price Open interest Sound volume
TDOC I PUT TRADE BEARS 19.01.24 $22.50 $620.0K 652 0
TDOC I PUT SWEEP BEARS 16.12.22 $410.00 459.8 thousand dollars 0 0
TDOC I PUT SWEEP BEARS 16.12.22 $360.00 $332.6K 0 10
TDOC I PUT SWEEP BEARS 16.12.22 $440.00 $165.3K 0 3
TDOC I PUT TRADE BEARS 16.12.22 $430.00 120.9 thousand dollars 0 0
Symbol PUT/CALL Trade type moods Exp. Date Strike Price Total trade price Open interest Sound volume
TDOC I PUT TRADE BEARS 19.01.24 $22.50 $620.0K 652 0
TDOC I PUT SWEEP BEARS 16.12.22 $410.00 459.8 thousand dollars 0 0
TDOC I PUT SWEEP BEARS 16.12.22 $360.00 $332.6K 0 10
TDOC I PUT SWEEP BEARS 16.12.22 $440.00 $165.3K 0 3
TDOC I PUT TRADE BEARS 16.12.22 $430.00 120.9 thousand dollars 0 0

Where is Teladoc Health now?

  • With volume of 1,139,334, TDOC price was down -1.07% to $26.74.
  • RSI indicators suggest that major stocks may be approaching oversold.
  • The next earnings are expected to be published in 20 days.

Options are a riskier asset compared to just trading stocks, but have a higher potential for profit. Serious options traders manage this risk by learning daily, expanding and exiting trades, following more than one indicator, and watching the markets closely.

If you want to stay up to date with the latest options trades for Teladoc Health, Benzinga Pro gives you real-time option trade alerts.

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