Looking At Airbnb's Recent Unusual Options Activity

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 9 uncommon options trades for Airbnb.

This isn't normal.

The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $810,415, and 3 are calls, for a total amount of $133,734.

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 $139.0 and $147.0 for Airbnb, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Airbnb options trades today is 1529.8 with a total volume of 3,739.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Airbnb's big money trades within a strike price range of $139.0 to $147.0 over the last 30 days.

Airbnb Call and Put Volume: 30-Day Overview

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.

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.

Airbnb's Current Market Status

• With a volume of 718,936, the price of ABNB is down -1.71% at $143.99.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 11 days.

What Analysts Are Saying About Airbnb

5 market experts have recently issued ratings for this stock, with a consensus target price of $138.8.

• An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $150.
• Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Airbnb, targeting a price of $150.
• Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Airbnb with a target price of $150.
• Consistent in their evaluation, an analyst from Barclays keeps a Underweight rating on Airbnb with a target price of $110.
• Reflecting concerns, an analyst from BMO Capital lowers its rating to Market Perform with a new price target of $134.

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.