What the Options Market Tells Us About Alibaba Gr Holding

Investors with a lot of money to spend have taken a bullish stance on Alibaba Gr Holding BABA.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BABA, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Alibaba Gr Holding.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $327,841, and 7 are calls, for a total amount of $471,274.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $65.0 to $90.0 for Alibaba Gr Holding over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Alibaba Gr Holding options trades today is 10976.56 with a total volume of 11,127.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Alibaba Gr Holding's big money trades within a strike price range of $65.0 to $90.0 over the last 30 days.

Alibaba Gr Holding Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Alibaba Gr Holding

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume (CNY 8.3 trillion for the fiscal year ended March 2022). It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba's China commerce retail division accounted for 67% of revenue in the year ended March 2022. Additional revenue sources include China commerce wholesale (2%), international commerce retail/wholesale (5%/2%), local consumer services (5%), cloud computing (9%), digital media and entertainment platforms (4%), Cainiao logistics services (5%), and innovation initiatives/other (1%).

After a thorough review of the options trading surrounding Alibaba Gr Holding, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Alibaba Gr Holding Standing Right Now?

• With a volume of 2,650,113, the price of BABA is down -0.51% at $68.58.
• RSI indicators hint that the underlying stock may be oversold.
• Next earnings are expected to be released in 35 days.

Professional Analyst Ratings for Alibaba Gr Holding

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $111.75.

• An analyst from Benchmark persists with their Buy rating on Alibaba Gr Holding, maintaining a target price of $128.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Alibaba Gr Holding, targeting a price of $109.
• An analyst from Mizuho has decided to maintain their Buy rating on Alibaba Gr Holding, which currently sits at a price target of $100.
• An analyst from JP Morgan has decided to maintain their Overweight rating on Alibaba Gr Holding, which currently sits at a price target of $110.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Alibaba Gr Holding with Benzinga Pro for real-time alerts.