High-rolling investors have positioned themselves bullish on Bilibili BILI, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BILI often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Bilibili. This is not a typical pattern.
The sentiment among these major traders is split, with 55% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $226,000, and 8 calls, totaling $464,507.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $18.0 for Bilibili over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Bilibili's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bilibili's whale activity within a strike price range from $12.0 to $18.0 in the last 30 days.
Bilibili 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BILI | PUT | TRADE | NEUTRAL | 09/20/24 | $1.15 | $1.11 | $1.13 | $14.00 | $226.0K | 4.1K | 0 |
| BILI | CALL | SWEEP | BULLISH | 10/18/24 | $2.46 | $2.45 | $2.45 | $16.00 | $122.0K | 2.3K | 700 |
| BILI | CALL | SWEEP | BEARISH | 10/18/24 | $2.4 | $2.38 | $2.39 | $16.00 | $59.7K | 2.3K | 1.2K |
| BILI | CALL | SWEEP | BULLISH | 09/20/24 | $2.18 | $2.15 | $2.18 | $16.00 | $57.3K | 2.0K | 50 |
| BILI | CALL | SWEEP | BEARISH | 10/18/24 | $2.45 | $2.38 | $2.38 | $16.00 | $52.8K | 2.3K | 1.4K |
About Bilibili
Bilibili is a Chinese online entertainment platform that is best known for its video-sharing site that resembles YouTube. The site was founded in 2009 and started as a long-form video platform for anime, comics, and gaming, or ACG, content that appealed to Gen Z users. Since then, it has expanded its content on the platform to include a broader range of interests that have attracted Chinese users outside of the Gen Z cohort. The firm generates revenue through five main areas: advertising, games, live streaming, value-added services, and e-commerce.
After a thorough review of the options trading surrounding Bilibili, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Bilibili's Current Market Status
- Currently trading with a volume of 3,414,499, the BILI's price is up by 3.7%, now at $15.97.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 43 days.
Professional Analyst Ratings for Bilibili
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $21.0.
- An analyst from JP Morgan upgraded its action to Overweight with a price target of $21.
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 Bilibili with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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