A whale with a lot of money to spend has taken a noticeably bearish stance on Airbnb.
Looking at options history for Airbnb ABNB we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $340,991 and 4, calls, for a total amount of $162,044.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $115.0 to $144.0 for Airbnb during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Airbnb's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Airbnb's substantial trades, within a strike price spectrum from $115.0 to $144.0 over the preceding 30 days.
Airbnb Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | SWEEP | BULLISH | 11/17/23 | $120.00 | $68.6K | 1.6K | 0 |
| ABNB | PUT | TRADE | BEARISH | 11/17/23 | $140.00 | $61.5K | 9 | 30 |
| ABNB | PUT | TRADE | BEARISH | 01/19/24 | $125.00 | $52.0K | 3.5K | 50 |
| ABNB | PUT | TRADE | BULLISH | 01/19/24 | $125.00 | $50.9K | 3.5K | 50 |
| ABNB | PUT | SWEEP | BULLISH | 01/19/24 | $125.00 | $49.7K | 3.5K | 188 |
Airbnb's Current Market Status
- With a trading volume of 1,105,299, the price of ABNB has up by 0.1%, reaching $118.29. Current RSI values indicate that the stock is is currently neutral between overbought and oversold. Next earnings report is scheduled for 98 days from now.
Professional Analyst Ratings for Airbnb:
- Morgan Stanley has decided to maintain their Underweight rating on Airbnb, which currently sits at a price target of $105.
- JP Morgan has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $118.
- Consistent in their evaluation, Needham keeps a Buy rating on Airbnb with a target price of $150.
- Piper Sandler persists with their Neutral rating on Airbnb, maintaining a target price of $123.
- Consistent in their evaluation, Wedbush keeps a Neutral rating on Airbnb with a target price of $135.
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 Airbnb with Benzinga Pro for real-time alerts.
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