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 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 ABNB, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Airbnb.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $34,850, and 7, calls, for a total amount of $357,518.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $155.0 and $175.0 for Airbnb, spanning the last three months.
Analyzing Volume & Open Interest
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 $155.0 to $175.0 in the last 30 days.
Airbnb Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | SWEEP | BULLISH | 01/17/25 | $22.15 | $22.05 | $22.15 | $165.00 | $86.3K | 1.0K | 0 |
| ABNB | CALL | SWEEP | BULLISH | 05/10/24 | $7.1 | $6.9 | $7.0 | $160.00 | $70.8K | 650 | 96 |
| ABNB | CALL | TRADE | BULLISH | 05/17/24 | $11.05 | $11.0 | $11.05 | $155.00 | $67.4K | 475 | 1 |
| ABNB | CALL | TRADE | BEARISH | 06/21/24 | $8.6 | $8.5 | $8.51 | $165.00 | $51.0K | 2.8K | 74 |
| ABNB | PUT | TRADE | BEARISH | 05/10/24 | $8.5 | $8.4 | $8.5 | $165.00 | $34.8K | 230 | 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 7.7 million active accommodation listings as of Dec. 31, 2023. Listings from the company's over 5 million hosts are spread over almost every country in the world. In 2023, 50% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.
Following our analysis of the options activities associated with Airbnb, we pivot to a closer look at the company's own performance.
Current Position of Airbnb
- Trading volume stands at 387,505, with ABNB's price up by 1.3%, positioned at $161.79.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 2 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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