Financial giants have made a conspicuous bearish move on Airbnb. Our analysis of options history for Airbnb ABNB revealed 14 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $120,840, and 12 were calls, valued at $1,595,547.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $160.0 for Airbnb, spanning the last three months.
Volume & Open Interest Trends
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 Airbnb'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 Airbnb's whale trades within a strike price range from $120.0 to $160.0 in the last 30 days.
Airbnb Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | SWEEP | BULLISH | 01/17/25 | $120.00 | $846.0K | 1.9K | 0 |
| ABNB | CALL | SWEEP | BEARISH | 12/15/23 | $125.00 | $136.3K | 1.2K | 101 |
| ABNB | CALL | TRADE | BULLISH | 12/15/23 | $120.00 | $126.7K | 1.2K | 398 |
| ABNB | CALL | SWEEP | BULLISH | 11/17/23 | $125.00 | $95.2K | 3.5K | 937 |
| ABNB | PUT | SWEEP | BEARISH | 01/19/24 | $130.00 | $94.9K | 4.8K | 23 |
About Airbnb
Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered over 7 million active accommodation listings as of Sept. 30, 2023. Listings from the company's over 4 million hosts are spread over almost every country in the world. In the fourth quarter of 2022, 47% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.
Airbnb's Current Market Status
- Currently trading with a volume of 3,028,320, the ABNB's price is up by 4.97%, now at $125.07.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 91 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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