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 25 strange trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $767,807 and 12, calls, for a total amount of $1,103,599.
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 $110.0 to $170.0 for Airbnb over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Airbnb options trades today is 1924.72 with a total volume of 6,194.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Airbnb's big money trades within a strike price range of $110.0 to $170.0 over the last 30 days.
Airbnb 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 |
|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | SWEEP | BEARISH | 09/15/23 | $160.00 | $507.6K | 839 | 715 |
| ABNB | PUT | SWEEP | BEARISH | 09/15/23 | $140.00 | $219.6K | 764 | 616 |
| ABNB | CALL | TRADE | BEARISH | 01/19/24 | $160.00 | $162.5K | 3.5K | 205 |
| ABNB | PUT | TRADE | BULLISH | 09/15/23 | $150.00 | $114.7K | 303 | 375 |
| ABNB | CALL | TRADE | BEARISH | 10/20/23 | $165.00 | $110.6K | 591 | 147 |
Where Is Airbnb Standing Right Now?
- With a volume of 2,095,154, the price of ABNB is down -0.22% at $152.99.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 3 days.
What The Experts Say On Airbnb:
- Keybanc has decided to maintain their Overweight rating on Airbnb, which currently sits at a price target of $160.
- Morgan Stanley has decided to maintain their Underweight rating on Airbnb, which currently sits at a price target of $100.
- B of A Securities has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $146.
- Jefferies has decided to maintain their Buy rating on Airbnb, which currently sits at a price target of $174.
- Barclays has decided to maintain their Equal-Weight rating on Airbnb, which currently sits at a price target of $136.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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