eBay Unusual Options Activity For March 01

Whales with a lot of money to spend have taken a noticeably bearish stance on eBay.

Looking at options history for eBay EBAY we detected 11 trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $298,366 and 7, calls, for a total amount of $422,159.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $42.5 to $52.5 for eBay over the last 3 months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in eBay's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to eBay's substantial trades, within a strike price spectrum from $42.5 to $52.5 over the preceding 30 days.

eBay Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

About eBay

EBay operates one of the largest e-commerce marketplaces in the world, with $73 billion in 2023 gross merchandise volume, or GMV, rendering the firm a top 10 global e-commerce company. The company generates revenue from listing fees, advertising, revenue-sharing arrangements with service providers, and managed payments, with its platform connecting more than 130 million buyers and roughly 20 million sellers across almost 190 global markets at the end of 2023. eBay generates just north of 50% of its GMV in international markets, with a large presence in the U.K., Germany, and Australia.

Having examined the options trading patterns of eBay, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of eBay

• With a volume of 4,516,930, the price of EBAY is down -0.25% at $47.16.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 54 days.

Expert Opinions on eBay

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $50.4.

• An analyst from Susquehanna persists with their Neutral rating on eBay, maintaining a target price of $52.
• Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on eBay with a target price of $47.
• An analyst from Piper Sandler has decided to maintain their Overweight rating on eBay, which currently sits at a price target of $52.
• An analyst from BMO Capital has decided to maintain their Market Perform rating on eBay, which currently sits at a price target of $53.
• An analyst from Truist Securities persists with their Hold rating on eBay, maintaining a target price of $48.

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.

If you want to stay updated on the latest options trades for eBay, Benzinga Pro gives you real-time options trades alerts.