Deep-pocketed investors have adopted a bearish approach towards Airbnb ABNB, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ABNB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Airbnb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 4 are puts, totaling $264,004, and 6 are calls, amounting to $497,699.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $165.0 for Airbnb over the recent three months.
Insights into Volume & Open Interest
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 $90.0 to $165.0 in the last 30 days.
Airbnb Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | TRADE | BULLISH | 01/19/24 | $140.00 | $242.1K | 4.8K | 992 |
| ABNB | PUT | TRADE | NEUTRAL | 06/21/24 | $115.00 | $90.1K | 1.6K | 0 |
| ABNB | CALL | TRADE | BULLISH | 03/15/24 | $125.00 | $86.1K | 803 | 60 |
| ABNB | PUT | TRADE | NEUTRAL | 06/21/24 | $90.00 | $81.0K | 5.3K | 0 |
| ABNB | PUT | SWEEP | BEARISH | 06/21/24 | $145.00 | $67.5K | 878 | 1 |
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.
In light of the recent options history for Airbnb, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Airbnb
- Currently trading with a volume of 1,195,773, the ABNB's price is up by 0.01%, now at $129.05.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 81 days.
What Analysts Are Saying About Airbnb
5 market experts have recently issued ratings for this stock, with a consensus target price of $133.2.
- An analyst from Wedbush has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $135.
- An analyst from Morgan Stanley persists with their Underweight rating on Airbnb, maintaining a target price of $105.
- Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Airbnb with a target price of $130.
- An analyst from Evercore ISI Group has revised its rating downward to In-Line, adjusting the price target to $136.
- An analyst from Susquehanna has decided to maintain their Positive rating on Airbnb, which currently sits at a price target of $160.
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 Airbnb, Benzinga Pro gives you real-time options trades alerts.
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