Investors with a lot of money to spend have taken a bullish stance on Jumia Technologies JMIA.
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 JMIA, 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 8 uncommon options trades for Jumia Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $153,775, and 4 are calls, for a total amount of $327,950.
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 $10.0 to $13.0 for Jumia Technologies during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Jumia Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Jumia Technologies's substantial trades, within a strike price spectrum from $10.0 to $13.0 over the preceding 30 days.
Jumia Technologies Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JMIA | CALL | TRADE | BULLISH | 11/15/24 | $3.2 | $2.95 | $3.1 | $13.00 | $247.6K | 177 | 11 |
| JMIA | PUT | SWEEP | BULLISH | 07/19/24 | $0.6 | $0.5 | $0.5 | $12.00 | $59.1K | 4.0K | 169 |
| JMIA | PUT | SWEEP | BULLISH | 07/26/24 | $1.05 | $1.0 | $1.0 | $12.00 | $37.9K | 1.9K | 420 |
| JMIA | CALL | SWEEP | BEARISH | 09/20/24 | $2.4 | $2.25 | $2.4 | $12.00 | $28.5K | 0 | 0 |
| JMIA | PUT | SWEEP | BEARISH | 07/26/24 | $0.8 | $0.75 | $0.75 | $12.00 | $28.5K | 1.9K | 802 |
About Jumia Technologies
Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of a marketplace, which connects sellers with consumers. Its logistics service enables the shipment and delivery of packages from sellers to consumers, and the company's payment service facilitates transactions among participants active on its platform in selected markets. Jumia generates revenue from Sales of goods, Commissions, Fulfillment, Value-added services, and Marketing & Advertising. Its geographical segments are West Africa, North Africa, East & South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.
In light of the recent options history for Jumia Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Jumia Technologies's Current Market Status
- With a volume of 6,012,266, the price of JMIA is up 2.74% at $12.77.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 26 days.
What Analysts Are Saying About Jumia Technologies
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $14.0.
- An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $14.
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 Jumia Technologies, 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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