Investors with a lot of money to spend have taken a bearish stance on Spotify Technology SPOT.
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 SPOT, 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 16 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 43%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $684,088, and 8 are calls, for a total amount of $845,005.
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 $340.0 to $490.0 for Spotify Technology during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Spotify Technology'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 Spotify Technology's whale trades within a strike price range from $340.0 to $490.0 in the last 30 days.
Spotify Technology 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | CALL | TRADE | NEUTRAL | 03/21/25 | $40.75 | $39.65 | $40.28 | $460.00 | $402.8K | 909 | 100 |
| SPOT | PUT | TRADE | BEARISH | 06/20/25 | $71.1 | $70.0 | $71.1 | $490.00 | $156.4K | 19 | 57 |
| SPOT | CALL | TRADE | BULLISH | 03/21/25 | $132.75 | $126.5 | $130.75 | $340.00 | $130.7K | 55 | 0 |
| SPOT | PUT | SWEEP | BEARISH | 01/17/25 | $31.4 | $30.3 | $30.3 | $480.00 | $106.0K | 497 | 123 |
| SPOT | PUT | SWEEP | BEARISH | 01/17/25 | $27.15 | $26.05 | $27.15 | $480.00 | $86.8K | 497 | 78 |
About Spotify Technology
Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
After a thorough review of the options trading surrounding Spotify Technology, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Spotify Technology's Current Market Status
- Currently trading with a volume of 392,062, the SPOT's price is down by -1.31%, now at $454.83.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 43 days.
Professional Analyst Ratings for Spotify Technology
In the last month, 1 experts released ratings on this stock with an average target price of $560.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Canaccord Genuity has decided to maintain their Buy rating on Spotify Technology, which currently sits at a price target of $560.
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 Spotify Technology options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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