Big Players' Recent Trades in ABNB Options

Investors with a lot of money to spend have taken a bullish stance on Airbnb ABNB.

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 ABNB, 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 10 uncommon options trades for Airbnb.

This isn't normal.

The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $208,599, and 5 are calls, for a total amount of $332,980.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $140.0 for Airbnb, spanning the last 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 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 activity within a strike price range from $85.0 to $140.0 in the last 30 days.

Airbnb Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Airbnb, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Airbnb

• Trading volume stands at 2,077,622, with ABNB's price down by -0.82%, positioned at $125.3.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 74 days.

What The Experts Say On Airbnb

5 market experts have recently issued ratings for this stock, with a consensus target price of $133.6.

• An analyst from Susquehanna persists with their Positive rating on Airbnb, maintaining a target price of $160.
• An analyst from Morgan Stanley has decided to maintain their Underweight rating on Airbnb, which currently sits at a price target of $105.
• Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Airbnb, targeting a price of $135.
• An analyst from Needham has decided to maintain their Buy rating on Airbnb, which currently sits at a price target of $150.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Airbnb, targeting a price of $118.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Airbnb options trades with real-time alerts from Benzinga Pro.