Investors with a lot of money to spend have taken a bullish 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 15 uncommon options trades for Airbnb.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 40%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $420,022, and 8 are calls, for a total amount of $346,160.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $195.0 for Airbnb, spanning the last three months.
Volume & Open Interest Trends
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 $120.0 to $195.0 in the last 30 days.
Airbnb 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ABNB | PUT | SWEEP | BULLISH | 10/18/24 | $7.85 | $7.8 | $7.85 | $140.00 | $127.1K | 498 | 163 |
| ABNB | CALL | SWEEP | NEUTRAL | 06/21/24 | $2.61 | $2.55 | $2.61 | $155.00 | $104.4K | 2.8K | 665 |
| ABNB | PUT | SWEEP | BULLISH | 10/18/24 | $12.35 | $12.2 | $12.25 | $150.00 | $91.8K | 109 | 76 |
| ABNB | PUT | SWEEP | NEUTRAL | 06/21/24 | $6.75 | $6.55 | $6.65 | $150.00 | $66.5K | 2.2K | 124 |
| ABNB | CALL | SWEEP | BEARISH | 01/17/25 | $4.8 | $4.7 | $4.7 | $195.00 | $50.3K | 1.4K | 108 |
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.
After a thorough review of the options trading surrounding Airbnb, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Airbnb
- With a trading volume of 2,241,989, the price of ABNB is down by -1.67%, reaching $146.63.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 79 days from now.
Professional Analyst Ratings for Airbnb
In the last month, 5 experts released ratings on this stock with an average target price of $163.4.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Neutral with a new price target of $160.
- An analyst from Citigroup has decided to maintain their Buy rating on Airbnb, which currently sits at a price target of $167.
- In a positive move, an analyst from Mizuho has upgraded their rating to Buy and adjusted the price target to $200.
- An analyst from DA Davidson has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $145.
- An analyst from JP Morgan has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $145.
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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