Whales with a lot of money to spend have taken a noticeably bearish stance on Airbnb.
Looking at options history for Airbnb ABNB we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $293,820 and 10, calls, for a total amount of $536,383.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $160.0 for Airbnb, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Airbnb stands at 1271.56, with a total volume reaching 2,547.00. 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 $95.0 to $160.0, throughout the last 30 days.
Airbnb Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | SWEEP | BEARISH | 01/19/24 | $145.00 | $141.2K | 4.6K | 554 |
| ABNB | CALL | TRADE | BULLISH | 02/16/24 | $150.00 | $69.3K | 510 | 28 |
| ABNB | CALL | SWEEP | BULLISH | 04/19/24 | $135.00 | $68.4K | 1.1K | 132 |
| ABNB | PUT | SWEEP | BEARISH | 09/20/24 | $95.00 | $60.4K | 124 | 220 |
| ABNB | CALL | SWEEP | NEUTRAL | 01/19/24 | $145.00 | $57.0K | 4.6K | 248 |
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.
In light of the recent options history for Airbnb, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Airbnb Standing Right Now?
- Trading volume stands at 3,317,811, with ABNB's price up by 0.73%, positioned at $141.7.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 64 days.
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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