Deep-pocketed investors have adopted a bullish approach towards Coupang (NYSE:CPNG), 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 CPNG usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 15 extraordinary options activities for Coupang. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 2 are puts, totaling $174,545, and 13 are calls, amounting to $643,718.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $17.0 to $28.0 for Coupang over the last 3 months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Coupang’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Coupang’s significant trades, within a strike price range of $17.0 to $28.0, over the past month.

Coupang 30-Day Option Volume & Interest Snapshot