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 19 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 31% bullish and 36%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $91,825, and 16 are calls, for a total amount of $1,058,236.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $380.0 to $860.0 for Spotify Technology over the recent three months.
Analyzing 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 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 activity within a strike price range from $380.0 to $860.0 in the last 30 days.
Spotify Technology Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | CALL | TRADE | BEARISH | 12/19/25 | $263.9 | $262.0 | $262.0 | $400.00 | $393.0K | 55 | 0 |
| SPOT | CALL | SWEEP | BULLISH | 12/19/25 | $42.3 | $38.9 | $41.55 | $860.00 | $82.8K | 2 | 20 |
| SPOT | CALL | TRADE | BEARISH | 06/20/25 | $260.25 | $256.9 | $256.9 | $380.00 | $77.0K | 70 | 0 |
| SPOT | CALL | TRADE | BEARISH | 06/20/25 | $134.2 | $132.45 | $132.45 | $520.00 | $66.2K | 228 | 5 |
| SPOT | CALL | SWEEP | BEARISH | 07/18/25 | $56.9 | $56.15 | $56.15 | $660.00 | $56.1K | 95 | 8 |
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.
In light of the recent options history for Spotify Technology, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Spotify Technology Standing Right Now?
- Trading volume stands at 632,163, with SPOT's price up by 1.5%, positioned at $640.0.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 62 days.
Expert Opinions on Spotify Technology
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $668.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. 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 $700. * Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Spotify Technology, targeting a price of $600. * Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Spotify Technology, targeting a price of $675. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Spotify Technology with a target price of $670. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Spotify Technology with a target price of $695.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Spotify Technology, Benzinga Pro gives you real-time options trades alerts.
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