Alibaba Gr Holding Unusual Options Activity

Investors with a lot of money to spend have taken a bullish stance on Alibaba Gr Holding BABA.

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 BABA, 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 24 uncommon options trades for Alibaba Gr Holding.

This isn't normal.

The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $843,246, and 21 are calls, for a total amount of $1,876,647.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $140.0 for Alibaba Gr Holding, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Alibaba Gr Holding stands at 6060.12, with a total volume reaching 10,763.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Alibaba Gr Holding, situated within the strike price corridor from $60.0 to $140.0, throughout the last 30 days.

Alibaba Gr Holding Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About Alibaba Gr Holding

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume (CNY 8.3 trillion for the fiscal year ended March 2022). It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba's China commerce retail division accounted for 67% of revenue in the year ended March 2022. Additional revenue sources include China commerce wholesale (2%), international commerce retail/wholesale (5%/2%), local consumer services (5%), cloud computing (9%), digital media and entertainment platforms (4%), Cainiao logistics services (5%), and innovation initiatives/other (1%).

Present Market Standing of Alibaba Gr Holding

• With a volume of 6,783,559, the price of BABA is down -1.29% at $77.48.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 87 days.

Expert Opinions on Alibaba Gr Holding

5 market experts have recently issued ratings for this stock, with a consensus target price of $125.2.

• Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Alibaba Gr Holding with a target price of $138.
• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Alibaba Gr Holding, targeting a price of $110.
• An analyst from JP Morgan persists with their Overweight rating on Alibaba Gr Holding, maintaining a target price of $125.
• An analyst from UBS has revised its rating downward to Buy, adjusting the price target to $127.
• Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Alibaba Gr Holding, targeting a price of $126.

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 Alibaba Gr Holding options trades with real-time alerts from Benzinga Pro.