Financial giants have made a conspicuous bearish move on Alibaba Gr Holding. Our analysis of options history for Alibaba Gr Holding BABA revealed 14 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $106,023, and 11 were calls, valued at $485,965.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $100.0 for Alibaba Gr Holding over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Alibaba Gr Holding's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Alibaba Gr Holding's whale activity within a strike price range from $60.0 to $100.0 in the last 30 days.
Alibaba Gr Holding Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BABA | CALL | SWEEP | BEARISH | 12/20/24 | $100.00 | $69.9K | 9.8K | 0 |
| BABA | CALL | SWEEP | BEARISH | 03/08/24 | $60.00 | $57.3K | 68 | 74 |
| BABA | CALL | TRADE | BULLISH | 01/16/26 | $65.00 | $52.4K | 579 | 1 |
| BABA | PUT | SWEEP | BEARISH | 03/28/24 | $68.00 | $49.5K | 408 | 665 |
| BABA | CALL | TRADE | NEUTRAL | 01/16/26 | $100.00 | $47.5K | 6.8K | 54 |
About Alibaba Gr Holding
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.
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.
Current Position of Alibaba Gr Holding
- With a trading volume of 418,646, the price of BABA is down by -1.51%, reaching $72.6.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 70 days from now.
Professional Analyst Ratings for Alibaba Gr Holding
In the last month, 5 experts released ratings on this stock with an average target price of $105.08.
- Reflecting concerns, an analyst from Macquarie lowers its rating to Neutral with a new price target of $85.
- An analyst from Goldman Sachs has decided to maintain their Buy rating on Alibaba Gr Holding, which currently sits at a price target of $105.
- An analyst from Mizuho has decided to maintain their Buy rating on Alibaba Gr Holding, which currently sits at a price target of $95.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Alibaba Gr Holding with a target price of $135.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Alibaba Gr Holding, targeting a price of $105.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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