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 11 trades.
If we consider the specifics of each trade, it is accurate to state that 18% of the investors opened trades with bullish expectations and 81% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $402,114 and 3, calls, for a total amount of $215,750.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $150.0 for Airbnb during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Airbnb's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Airbnb's significant trades, within a strike price range of $140.0 to $150.0, over the past month.
Airbnb 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 |
|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | TRADE | BEARISH | 01/19/24 | $140.00 | $138.6K | 7.4K | 1.0K |
| ABNB | PUT | SWEEP | BEARISH | 01/12/24 | $150.00 | $60.0K | 0 | 50 |
| ABNB | PUT | SWEEP | BEARISH | 04/19/24 | $145.00 | $53.3K | 221 | 179 |
| ABNB | PUT | SWEEP | BEARISH | 04/19/24 | $145.00 | $50.5K | 221 | 105 |
| ABNB | PUT | SWEEP | BEARISH | 04/19/24 | $145.00 | $50.3K | 221 | 250 |
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.
Present Market Standing of Airbnb
- With a trading volume of 1,641,710, the price of ABNB is up by 1.11%, reaching $137.49.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 36 days from now.
Professional Analyst Ratings for Airbnb
In the last month, 1 experts released ratings on this stock with an average target price of $100.0.
- An analyst from Barclays downgraded its action to Underweight with a price target of $100.
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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