This Is What Whales Are Betting On Twitter

 

Someone with a lot of money to spend has taken a bearish stance on Twitter TWTR.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with TWTR, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 24 uncommon options trades for Twitter.

This isn't normal.

The overall sentiment of these big-money traders is split between 20% bullish and 79%, bearish.

Out of all of the special options we uncovered, 19 are puts, for a total amount of $721,429, and 5 are calls, for a total amount of $614,308.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $39.0 to $55.0 for Twitter over the last 3 months.

Volume & Open Interest Development

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 Twitter'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 Twitter's whale activity within a strike price range from $39.0 to $55.0 in the last 30 days.

Twitter Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
TWTR	CALL	TRADE	BULLISH	01/20/23	$55.00	$292.5K	186.3K	20.2K
TWTR	CALL	TRADE	BULLISH	09/16/22	$46.00	$222.0K	5.2K	2.1K
TWTR	PUT	TRADE	BEARISH	09/16/22	$42.00	$55.0K	2.1K	1
TWTR	PUT	SWEEP	BEARISH	10/21/22	$39.00	$49.7K	1.4K	4.4K
TWTR	PUT	SWEEP	BEARISH	10/21/22	$39.00	$47.4K	1.4K	1.6K

Where Is Twitter Standing Right Now?

• With a volume of 1,600,607, the price of TWTR is down -0.82% at $44.03.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 69 days.

What The Experts Say On Twitter:

• Citigroup has decided to maintain their Neutral rating on Twitter, which currently sits at a price target of $40.
• Susquehanna downgraded its action to Neutral with a price target of $45
• Cowen & Co. has decided to maintain their Market Perform rating on Twitter, which currently sits at a price target of $22.
• Wedbush has decided to maintain their Neutral rating on Twitter, which currently sits at a price target of $50.
• Truist Securities has decided to maintain their Hold rating on Twitter, which currently sits at a price target of $43.

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 Twitter, Benzinga Pro gives you real-time options trades alerts.