27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bullish stance on Airbnb.
Looking at options history for Airbnb (NASDAQ:ABNB) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 77% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 15 are puts, for a total amount of $1,063,319 and 3, calls, for a total amount of $107,855.
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 $100.0 to $250.0 for Airbnb during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Airbnb's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Airbnb's significant trades, within a strike price range of $100.0 to $250.0, over the past month.
Airbnb Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ABNB | PUT | TRADE | BULLISH | 01/16/26 | $24.05 | $23.5 | $23.6 | $150.00 | $236.0K | 99 | 0 |
| ABNB | PUT | TRADE | BULLISH | 06/21/24 | $20.95 | $19.75 | $20.14 | $175.00 | $80.5K | 332 | 70 |
| ABNB | PUT | SWEEP | BULLISH | 06/21/24 | $16.95 | $16.35 | $16.48 | $170.00 | $73.7K | 552 | 50 |
| ABNB | PUT | TRADE | BULLISH | 06/21/24 | $14.0 | $13.7 | $13.82 | $165.00 | $69.1K | 966 | 145 |
| ABNB | PUT | TRADE | BULLISH | 06/21/24 | $13.95 | $13.65 | $13.74 | $165.00 | $68.7K | 966 | 145 |
About Airbnb
Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered 7.7 million active accommodation listings as of Dec. 31, 2023. Listings from the company's over 5 million hosts are spread over almost every country in the world. In 2023, 50% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.
Following our analysis of the options activities associated with Airbnb, we pivot to a closer look at the company's own performance.
Present Market Standing of Airbnb
- With a trading volume of 1,865,001, the price of ABNB is down by -1.49%, reaching $160.93.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 35 days from now.
Expert Opinions on Airbnb
4 market experts have recently issued ratings for this stock, with a consensus target price of $142.75.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Underweight rating on Airbnb with a target price of $127.
- In a cautious move, an analyst from DA Davidson downgraded its rating to Neutral, setting a price target of $145.
- An analyst from Truist Securities has decided to maintain their Hold rating on Airbnb, which currently sits at a price target of $131.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Airbnb, targeting a price of $168.
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 Airbnb with Benzinga Pro for real-time alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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