Deep-pocketed investors have adopted a bullish approach towards Bilibili BILI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BILI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Bilibili. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 4 are puts, totaling $567,645, and 6 are calls, amounting to $220,796.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $13.0 to $18.0 for Bilibili over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Bilibili stands at 3175.3, with a total volume reaching 574.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Bilibili, situated within the strike price corridor from $13.0 to $18.0, throughout the last 30 days.
Bilibili 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BILI | PUT | SWEEP | BEARISH | 09/20/24 | $3.65 | $3.5 | $3.6 | $18.00 | $330.1K | 12 | 0 |
| BILI | PUT | SWEEP | BEARISH | 10/18/24 | $3.15 | $3.1 | $3.15 | $17.00 | $157.8K | 524 | 0 |
| BILI | CALL | TRADE | BULLISH | 01/16/26 | $4.8 | $3.45 | $4.8 | $17.00 | $57.6K | 1.3K | 0 |
| BILI | PUT | SWEEP | BULLISH | 01/17/25 | $2.4 | $2.22 | $2.22 | $14.00 | $51.0K | 3.0K | 401 |
| BILI | CALL | TRADE | BULLISH | 06/21/24 | $1.35 | $1.21 | $1.35 | $15.00 | $40.5K | 7.2K | 90 |
About Bilibili
Bilibili is a Chinese online entertainment platform that is best known for its video-sharing site that resembles YouTube. The site was founded in 2009 and started as a long-form video platform for anime, comics, and gaming, or ACG, content that appealed to Gen Z users. Since then, it has expanded its content on the platform to include a broader range of interests that have attracted Chinese users outside of the Gen Z cohort. The firm generates revenue through five main areas: advertising, games, live streaming, value-added services, and e-commerce.
After a thorough review of the options trading surrounding Bilibili, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Bilibili Standing Right Now?
- With a trading volume of 8,548,438, the price of BILI is up by 8.37%, reaching $15.6.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 63 days from now.
Professional Analyst Ratings for Bilibili
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $16.0.
- An analyst from Benchmark persists with their Buy rating on Bilibili, maintaining a target price of $16.
- An analyst from UBS upgraded its action to Buy with a price target of $18.
- In a positive move, an analyst from Barclays has upgraded their rating to Equal-Weight and adjusted the price target to $14.
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 Bilibili options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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