A whale with a lot of money to spend has taken a noticeably bullish stance on Airbnb.
Looking at options history for Airbnb ABNB we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $380,441 and 2, calls, for a total amount of $102,577.
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 $142.0 for Airbnb over the last 3 months.
Volume & Open Interest Development
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 $110.0 to $142.0 in 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 | PUT | SWEEP | BEARISH | 11/17/23 | $140.00 | $72.4K | 1.7K | 67 |
| ABNB | PUT | SWEEP | NEUTRAL | 09/01/23 | $124.00 | $57.0K | 169 | 72 |
| ABNB | PUT | SWEEP | BULLISH | 01/17/25 | $130.00 | $56.0K | 1.0K | 28 |
| ABNB | CALL | SWEEP | BEARISH | 09/29/23 | $142.00 | $52.5K | 371 | 95 |
| ABNB | CALL | TRADE | BULLISH | 01/19/24 | $130.00 | $50.0K | 2.1K | 41 |
Where Is Airbnb Standing Right Now?
- With a volume of 1,452,503, the price of ABNB is down -1.96% at $125.62.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 68 days.
What The Experts Say On Airbnb:
- Needham downgraded its action to Buy with a price target of $160
- Deutsche Bank has decided to maintain their Hold rating on Airbnb, which currently sits at a price target of $105.
- Baird has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $140.
- TD Cowen has decided to maintain their Outperform rating on Airbnb, which currently sits at a price target of $145.
- DA Davidson downgraded its action to Buy with a price target of $162
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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