Deep-pocketed investors have adopted a bullish approach towards Spotify Technology SPOT, 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 SPOT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Spotify Technology. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 23% bearish. Among these notable options, 4 are puts, totaling $129,150, and 9 are calls, amounting to $1,544,641.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $400.0 to $520.0 for Spotify Technology during the past quarter.
Volume & Open Interest Development
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 Spotify Technology'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 Spotify Technology's whale activity within a strike price range from $400.0 to $520.0 in the last 30 days.
Spotify Technology Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | CALL | TRADE | NEUTRAL | 03/21/25 | $30.25 | $28.7 | $29.6 | $520.00 | $885.0K | 1.1K | 2 |
| SPOT | CALL | SWEEP | NEUTRAL | 03/21/25 | $30.6 | $29.0 | $30.2 | $520.00 | $295.9K | 1.1K | 401 |
| SPOT | CALL | SWEEP | BEARISH | 01/17/25 | $11.55 | $10.15 | $10.61 | $490.00 | $106.2K | 1.4K | 132 |
| SPOT | CALL | TRADE | NEUTRAL | 09/19/25 | $81.0 | $75.95 | $78.82 | $490.00 | $78.8K | 8 | 10 |
| SPOT | CALL | TRADE | BULLISH | 01/31/25 | $99.9 | $93.6 | $97.7 | $400.00 | $48.8K | 10 | 5 |
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
Where Is Spotify Technology Standing Right Now?
- With a volume of 356,162, the price of SPOT is up 0.77% at $494.45.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 19 days.
Expert Opinions on Spotify Technology
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $541.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Spotify Technology with a target price of $555. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Spotify Technology, targeting a price of $550. * Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Spotify Technology with a target price of $540. * An analyst from Benchmark downgraded its action to Buy with a price target of $520.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Spotify Technology with Benzinga Pro for real-time alerts.
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