Check Out What Whales Are Doing With BABA

Investors with a lot of money to spend have taken a bearish stance on Alibaba Gr Holding BABA.

And retail traders should know.

We noticed this today when the positions 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 BABA, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 23 options trades for Alibaba Gr Holding.

This isn't normal.

The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $73,294, and 22, calls, for a total amount of $1,862,093.

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 $50.0 to $180.0 for Alibaba Gr Holding during the past quarter.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of Alibaba Gr Holding stands at 16634.74, with a total volume reaching 14,212.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Alibaba Gr Holding, situated within the strike price corridor from $50.0 to $180.0, throughout the last 30 days.

Alibaba Gr Holding Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Alibaba Gr Holding

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

In light of the recent options history for Alibaba Gr Holding, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Alibaba Gr Holding

• With a volume of 6,638,535, the price of BABA is down -1.98% at $76.14.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 78 days.

What The Experts Say On Alibaba Gr Holding

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $105.08.

• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Alibaba Gr Holding with a target price of $105.
• An analyst from Mizuho persists with their Buy rating on Alibaba Gr Holding, maintaining a target price of $95.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Alibaba Gr Holding, targeting a price of $105.
• Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Alibaba Gr Holding with a target price of $135.
• Reflecting concerns, an analyst from Macquarie lowers its rating to Neutral with a new price target of $85.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Alibaba Gr Holding with Benzinga Pro for real-time alerts.