What the Options Market Tells Us About AutoZone - AutoZone (NYSE:AZO)

Group 1: Market Sentiment and Trading Activity - Financial giants have shown a bearish sentiment towards AutoZone, with 62% of traders exhibiting bearish tendencies and only 25% being bullish [1] - The analysis of options trading revealed 16 unusual trades, with a total value of $178,690 for puts and $579,001 for calls [1] - Significant investors are targeting a price range for AutoZone between $2600.0 and $5000.0 over the past three months [2] Group 2: Options Volume and Open Interest - Insights into volume and open interest are crucial for understanding liquidity and interest levels in AutoZone's options [3] - A snapshot of trends in volume and open interest for calls and puts indicates varying levels of activity across significant trades [4] Group 3: Company Overview - AutoZone is a leading retailer of aftermarket automotive parts in the U.S., operating over 6,500 stores and serving both DIY and commercial markets [9] - The company also has a presence in international markets, with more than 800 stores in Mexico and over 100 in Brazil [9] Group 4: Analyst Ratings and Price Targets - A consensus target price for AutoZone is set at $4646.25, with various analysts maintaining positive ratings and target prices ranging from $4250 to $4925 [11][12] Group 5: Current Stock Performance - The current price of AutoZone (AZO) is $4354.54, with a trading volume of 44,404 and an indication that the stock may be overbought according to RSI indicators [14]