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 11 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, 2 are puts, for a total amount of $138,750, and 9 are calls, for a total amount of $385,851.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $185.0 for Airbnb over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $50.0 to $185.0 in the last 30 days.
Airbnb Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | SWEEP | BULLISH | 06/20/25 | $125.00 | $103.9K | 35 | 57 |
| ABNB | PUT | TRADE | NEUTRAL | 03/15/24 | $125.00 | $94.4K | 3.2K | 410 |
| ABNB | CALL | TRADE | BEARISH | 01/17/25 | $50.00 | $47.5K | 90 | 5 |
| ABNB | CALL | SWEEP | BULLISH | 07/19/24 | $130.00 | $46.3K | 29 | 20 |
| ABNB | PUT | TRADE | NEUTRAL | 07/19/24 | $185.00 | $44.3K | 2 | 0 |
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
Airbnb's Current Market Status
- With a volume of 1,275,186, the price of ABNB is up 1.42% at $143.2.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 19 days.
What The Experts Say On Airbnb
3 market experts have recently issued ratings for this stock, with a consensus target price of $144.66666666666666.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $150.
- Reflecting concerns, an analyst from BMO Capital lowers its rating to Market Perform with a new price target of $134.
- Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Airbnb with a target price of $150.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
