Financial giants have made a conspicuous bearish move on Alibaba Gr Hldgs. Our analysis of options history for Alibaba Gr Hldgs BABA revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $169,630, and 5 were calls, valued at $384,725.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $74.0 to $120.0 for Alibaba Gr Hldgs 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 Alibaba Gr Hldgs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Alibaba Gr Hldgs's substantial trades, within a strike price spectrum from $74.0 to $120.0 over the preceding 30 days.
Alibaba Gr Hldgs 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BABA | CALL | SWEEP | BEARISH | 07/19/24 | $5.4 | $5.25 | $5.25 | $75.00 | $262.5K | 16.7K | 507 |
| BABA | PUT | TRADE | BEARISH | 07/19/24 | $2.8 | $2.8 | $2.8 | $77.50 | $56.0K | 4.1K | 200 |
| BABA | PUT | TRADE | BEARISH | 06/14/24 | $0.45 | $0.44 | $0.45 | $74.00 | $45.0K | 437 | 1 |
| BABA | PUT | TRADE | BULLISH | 12/20/24 | $42.9 | $41.9 | $41.9 | $120.00 | $41.9K | 85 | 0 |
| BABA | CALL | TRADE | BULLISH | 09/20/24 | $3.25 | $2.94 | $3.13 | $87.50 | $35.9K | 491 | 0 |
About Alibaba Gr Hldgs
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.
Following our analysis of the options activities associated with Alibaba Gr Hldgs, we pivot to a closer look at the company's own performance.
Current Position of Alibaba Gr Hldgs
- Trading volume stands at 1,875,685, with BABA's price up by 0.31%, positioned at $78.58.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 66 days.
What The Experts Say On Alibaba Gr Hldgs
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $109.6.
- Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $118.
- An analyst from Mizuho persists with their Buy rating on Alibaba Gr Hldgs, maintaining a target price of $92.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Alibaba Gr Hldgs, targeting a price of $103.
- An analyst from Citigroup persists with their Buy rating on Alibaba Gr Hldgs, maintaining a target price of $122.
- An analyst from Truist Securities persists with their Buy rating on Alibaba Gr Hldgs, maintaining a target price of $113.
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 Hldgs with Benzinga Pro for real-time alerts.
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