Investors with a lot of money to spend have taken a bullish stance on Alibaba Gr Hldgs BABA.
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 BABA, 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 10 uncommon options trades for Alibaba Gr Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $62,940, and 8 are calls, for a total amount of $490,611.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $120.0 for Alibaba Gr Hldgs, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Alibaba Gr Hldgs options trades today is 3635.86 with a total volume of 3,721.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Alibaba Gr Hldgs's big money trades within a strike price range of $55.0 to $120.0 over the last 30 days.
Alibaba Gr Hldgs Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BABA | CALL | SWEEP | BEARISH | 07/12/24 | $17.75 | $17.55 | $17.55 | $55.00 | $171.9K | 0 | 0 |
| BABA | CALL | TRADE | BULLISH | 01/16/26 | $15.4 | $14.5 | $15.1 | $72.50 | $75.5K | 141 | 0 |
| BABA | CALL | TRADE | BEARISH | 12/18/26 | $12.0 | $9.25 | $9.97 | $100.00 | $59.8K | 173 | 1 |
| BABA | CALL | SWEEP | BULLISH | 08/16/24 | $3.85 | $3.85 | $3.85 | $72.50 | $57.7K | 16.6K | 17 |
| BABA | CALL | SWEEP | BULLISH | 08/16/24 | $2.87 | $2.84 | $2.87 | $75.00 | $41.0K | 6.6K | 1.2K |
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.
Alibaba Gr Hldgs's Current Market Status
- Trading volume stands at 1,926,809, with BABA's price up by 0.69%, positioned at $72.5.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 38 days.
Expert Opinions on Alibaba Gr Hldgs
1 market experts have recently issued ratings for this stock, with a consensus target price of $115.0.
- An analyst from Loop Capital has decided to maintain their Buy rating on Alibaba Gr Hldgs, which currently sits at a price target of $115.
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 Alibaba Gr Hldgs options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
