Investors with a lot of money to spend have taken a bearish stance on KE Holdings BEKE.
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 BEKE, 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 9 uncommon options trades for KE Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 55%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $414,068, and 5 are calls, for a total amount of $399,594.
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 $14.85 to $22.35 for KE Holdings during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for KE Holdings options trades today is 6449.0 with a total volume of 9,123.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for KE Holdings's big money trades within a strike price range of $14.85 to $22.35 over the last 30 days.
KE Holdings Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BEKE | PUT | SWEEP | BEARISH | 01/17/25 | $3.9 | $3.7 | $3.85 | $19.85 | $239.5K | 1.3K | 622 |
| BEKE | CALL | SWEEP | BEARISH | 01/17/25 | $1.49 | $1.48 | $1.48 | $22.35 | $179.2K | 4.1K | 1.4K |
| BEKE | PUT | SWEEP | BEARISH | 01/17/25 | $3.8 | $3.65 | $3.75 | $19.85 | $97.1K | 1.3K | 1.3K |
| BEKE | CALL | TRADE | BULLISH | 06/21/24 | $3.1 | $3.05 | $3.1 | $14.85 | $77.5K | 22.4K | 260 |
| BEKE | CALL | SWEEP | BULLISH | 07/19/24 | $0.43 | $0.39 | $0.43 | $21.00 | $60.5K | 3.3K | 1.5K |
About KE Holdings
KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing home and new home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As at the end of 2023, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.
Current Position of KE Holdings
- Trading volume stands at 9,375,133, with BEKE's price up by 3.74%, positioned at $17.74.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 10 days.
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 KE Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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