What the Options Market Tells Us About Align Technology

Financial giants have made a conspicuous bullish move on Align Technology. Our analysis of options history for Align Technology (NASDAQ:ALGN) revealed 9 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 11% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $205,720, and 5 were calls, valued at $376,485.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $180.0 for Align Technology over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Align Technology options trades today is 111.0 with a total volume of 1,172.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Align Technology’s big money trades within a strike price range of $160.0 to $180.0 over the last 30 days.

Align Technology 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Align Technology

Where Is Align Technology Standing Right Now?

• With a trading volume of 425,991, the price of ALGN is up by 1.5%, reaching $159.41.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 0 days from now.

Professional Analyst Ratings for Align Technology

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $200.0.

• An analyst from Mizuho persists with their Outperform rating on Align Technology, maintaining a target price of $200.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.