Someone with a lot of money to spend has taken a bullish stance on Alibaba Gr Holding BABA.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with BABA, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Alibaba Gr Holding.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 45%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $116,650, and 10, calls, for a total amount of $1,074,145..
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 $80.0 to $200.0 for Alibaba Gr Holding 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 Alibaba Gr Holding'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 Alibaba Gr Holding's whale trades within a strike price range from $80.0 to $200.0 in the last 30 days.
Alibaba Gr Holding 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 |
|---|---|---|---|---|---|---|---|---|
| BABA | CALL | SWEEP | BULLISH | 11/24/23 | $80.00 | $265.0K | 158 | 0 |
| BABA | CALL | TRADE | BULLISH | 03/15/24 | $85.00 | $231.9K | 2.0K | 21 |
| BABA | CALL | SWEEP | BULLISH | 01/17/25 | $90.00 | $209.2K | 4.5K | 155 |
| BABA | PUT | SWEEP | BEARISH | 01/19/24 | $200.00 | $116.6K | 0 | 0 |
| BABA | CALL | TRADE | BULLISH | 11/03/23 | $83.00 | $76.2K | 6.0K | 473 |
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Where Is Alibaba Gr Holding Standing Right Now?
- With a volume of 1,672,970, the price of BABA is up 1.25% at $83.51.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 14 days.
What The Experts Say On Alibaba Gr Holding:
- Benchmark downgraded its action to Buy with a price target of $180
- UBS downgraded its action to Buy with a price target of $127
- Barclays has decided to maintain their Overweight rating on Alibaba Gr Holding, which currently sits at a price target of $138.
- Truist Securities has decided to maintain their Buy rating on Alibaba Gr Holding, which currently sits at a price target of $126.
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 Alibaba Gr Holding, 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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