Whales with a lot of money to spend have taken a noticeably bearish stance on Spotify Technology.
Looking at options history for Spotify Technology SPOT we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $130,363 and 5, calls, for a total amount of $239,814.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $290.0 to $350.0 for Spotify Technology during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Spotify Technology's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Spotify Technology's significant trades, within a strike price range of $290.0 to $350.0, over the past month.
Spotify Technology Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | CALL | TRADE | NEUTRAL | 01/17/25 | $33.4 | $28.6 | $31.4 | $350.00 | $94.2K | 1.7K | 45 |
| SPOT | PUT | SWEEP | NEUTRAL | 07/19/24 | $7.15 | $6.05 | $6.05 | $290.00 | $61.8K | 1.8K | 293 |
| SPOT | CALL | TRADE | BULLISH | 01/17/25 | $31.0 | $28.15 | $31.0 | $350.00 | $46.5K | 1.7K | 15 |
| SPOT | PUT | SWEEP | BEARISH | 07/19/24 | $6.3 | $6.25 | $6.3 | $290.00 | $40.3K | 1.8K | 75 |
| SPOT | CALL | SWEEP | BEARISH | 01/16/26 | $88.75 | $85.2 | $85.2 | $300.00 | $34.0K | 567 | 1 |
About Spotify Technology
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify's 2023 total revenue, respectively.
Current Position of Spotify Technology
- With a trading volume of 524,656, the price of SPOT is up by 5.47%, reaching $313.0.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 50 days from now.
What The Experts Say On Spotify Technology
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $310.0.
- An analyst from Citigroup has decided to maintain their Neutral rating on Spotify Technology, which currently sits at a price target of $310.
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