Investors with a lot of money to spend have taken a bearish stance on Spotify Technology SPOT.
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 SPOT, 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 18 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $119,590, and 16 are calls, for a total amount of $965,061.
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 $260.0 to $460.0 for Spotify Technology during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Spotify Technology options trades today is 223.08 with a total volume of 758.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Spotify Technology's big money trades within a strike price range of $260.0 to $460.0 over the last 30 days.
Spotify Technology Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | CALL | SWEEP | BEARISH | 03/21/25 | $80.9 | $80.0 | $80.0 | $320.00 | $400.0K | 118 | 50 |
| SPOT | PUT | TRADE | BULLISH | 04/17/25 | $5.3 | $4.55 | $4.75 | $260.00 | $81.7K | 7 | 172 |
| SPOT | CALL | TRADE | BEARISH | 12/20/24 | $27.1 | $27.05 | $27.05 | $380.00 | $75.7K | 216 | 48 |
| SPOT | CALL | TRADE | BEARISH | 01/17/25 | $27.35 | $27.1 | $27.1 | $390.00 | $54.2K | 283 | 20 |
| SPOT | CALL | SWEEP | BULLISH | 12/20/24 | $31.7 | $31.65 | $31.7 | $370.00 | $47.5K | 167 | 16 |
About Spotify Technology
Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
Having examined the options trading patterns of Spotify Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Spotify Technology
- Trading volume stands at 792,241, with SPOT's price down by -1.19%, positioned at $379.94.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 8 days.
What The Experts Say On Spotify Technology
In the last month, 4 experts released ratings on this stock with an average target price of $457.0.
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 Keybanc continues to hold a Overweight rating for Spotify Technology, targeting a price of $490. * Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Spotify Technology, targeting a price of $438. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Spotify Technology, which currently sits at a price target of $430. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Spotify Technology, which currently sits at a price target of $470.
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 Spotify Technology, 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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