Decoding Airbnb's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish 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 22 uncommon options trades for Airbnb.

This isn't normal.

The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $208,839, and 17 are calls, for a total amount of $871,921.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $155.0 for Airbnb over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Airbnb stands at 2514.81, with a total volume reaching 2,466.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Airbnb, situated within the strike price corridor from $75.0 to $155.0, throughout the last 30 days.

Airbnb 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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

Where Is Airbnb Standing Right Now?

• With a trading volume of 2,803,242, the price of ABNB is up by 1.49%, reaching $135.7.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 69 days from now.

What The Experts Say On Airbnb

2 market experts have recently issued ratings for this stock, with a consensus target price of $138.0.

• An analyst from Evercore ISI Group downgraded its action to In-Line with a price target of $136.
• In a cautious move, an analyst from Jefferies downgraded its rating to Hold, setting a price target of $140.

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.