Investors with a lot of money to spend have taken a bullish stance on Bilibili BILI.
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 BILI, 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 12 uncommon options trades for Bilibili.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $108,486, and 9 are calls, for a total amount of $365,253.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $16.0 to $25.0 for Bilibili during the past quarter.
Analyzing Volume & Open Interest
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 Bilibili'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 Bilibili's whale activity within a strike price range from $16.0 to $25.0 in the last 30 days.
Bilibili Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BILI | CALL | SWEEP | BULLISH | 10/18/24 | $1.17 | $1.09 | $1.17 | $17.50 | $58.6K | 15 | 0 |
| BILI | CALL | TRADE | BEARISH | 10/18/24 | $1.18 | $0.9 | $0.94 | $18.00 | $55.1K | 8.7K | 1.5K |
| BILI | CALL | TRADE | BULLISH | 10/18/24 | $2.55 | $2.54 | $2.55 | $16.00 | $50.9K | 5.5K | 231 |
| BILI | PUT | TRADE | BULLISH | 10/18/24 | $1.5 | $1.37 | $1.38 | $18.00 | $40.9K | 509 | 330 |
| BILI | PUT | TRADE | BEARISH | 10/18/24 | $1.28 | $1.1 | $1.28 | $18.00 | $38.4K | 509 | 630 |
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.
Present Market Standing of Bilibili
- With a trading volume of 4,544,707, the price of BILI is down by -2.6%, reaching $18.14.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 63 days from now.
What The Experts Say On Bilibili
1 market experts have recently issued ratings for this stock, with a consensus target price of $19.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Bilibili, targeting a price of $19.
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 Bilibili, 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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