Deep-pocketed investors have adopted a bearish approach towards Airbnb ABNB, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ABNB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 27 extraordinary options activities for Airbnb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 4 are puts, totaling $270,009, and 23 are calls, amounting to $892,060.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $210.0 for Airbnb during the past quarter.
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 $80.0 to $210.0 in the last 30 days.
Airbnb 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ABNB | PUT | TRADE | BEARISH | 01/16/26 | $210.00 | $142.0K | 22 | 0 |
| ABNB | CALL | SWEEP | BULLISH | 06/21/24 | $125.00 | $92.7K | 501 | 32 |
| ABNB | CALL | SWEEP | BEARISH | 01/17/25 | $185.00 | $88.0K | 567 | 62 |
| ABNB | CALL | SWEEP | BULLISH | 03/15/24 | $155.00 | $60.9K | 1.2K | 15 |
| ABNB | PUT | SWEEP | BEARISH | 01/17/25 | $130.00 | $58.6K | 2.2K | 49 |
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
Current Position of Airbnb
- With a volume of 2,739,410, the price of ABNB is down -2.13% at $143.78.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 55 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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