Deep-pocketed investors have adopted a bullish approach towards Airbnb ABNB, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ABNB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Airbnb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 44% bearish. Among these notable options, 7 are puts, totaling $491,730, and 2 are calls, amounting to $106,875.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $182.5 for Airbnb during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Airbnb's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Airbnb's substantial trades, within a strike price spectrum from $140.0 to $182.5 over the preceding 30 days.
Airbnb Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ABNB | PUT | SWEEP | BEARISH | 05/17/24 | $13.3 | $13.2 | $13.3 | $165.00 | $133.0K | 635 | 0 |
| ABNB | PUT | TRADE | BEARISH | 05/10/24 | $20.1 | $19.8 | $20.1 | $172.50 | $132.6K | 69 | 0 |
| ABNB | PUT | SWEEP | BEARISH | 09/20/24 | $8.1 | $7.15 | $7.95 | $140.00 | $79.4K | 649 | 0 |
| ABNB | CALL | TRADE | BULLISH | 10/18/24 | $16.25 | $16.15 | $16.25 | $160.00 | $56.8K | 227 | 0 |
| ABNB | PUT | SWEEP | BULLISH | 05/17/24 | $13.75 | $13.4 | $13.51 | $165.00 | $56.7K | 635 | 141 |
About Airbnb
Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered 7.7 million active accommodation listings as of Dec. 31, 2023. Listings from the company's over 5 million hosts are spread over almost every country in the world. In 2023, 50% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.
Where Is Airbnb Standing Right Now?
- With a trading volume of 1,320,423, the price of ABNB is down by -1.75%, reaching $153.43.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 6 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Airbnb options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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