Whales with a lot of money to spend have taken a noticeably bullish stance on Airbnb.
Looking at options history for Airbnb ABNB we detected 23 trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $739,547 and 9, calls, for a total amount of $742,580.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $185.0 for Airbnb, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Airbnb stands at 1156.89, with a total volume reaching 7,391.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Airbnb, situated within the strike price corridor from $110.0 to $185.0, throughout the last 30 days.
Airbnb Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | TRADE | BULLISH | 07/19/24 | $185.00 | $318.0K | 116 | 600 |
| ABNB | PUT | TRADE | BEARISH | 02/16/24 | $155.00 | $137.0K | 3.1K | 2.2K |
| ABNB | PUT | TRADE | BULLISH | 01/16/26 | $145.00 | $117.5K | 62 | 0 |
| ABNB | CALL | TRADE | NEUTRAL | 01/17/25 | $160.00 | $111.0K | 2.0K | 2 |
| ABNB | PUT | TRADE | BULLISH | 01/16/26 | $125.00 | $77.5K | 120 | 50 |
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 over 7 million active accommodation listings as of Sept. 30, 2023. Listings from the company's over 4 million hosts are spread over almost every country in the world. In the fourth quarter of 2022, 47% 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.
Airbnb's Current Market Status
- With a volume of 4,174,703, the price of ABNB is down -1.08% at $155.99.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 81 days.
Expert Opinions on Airbnb
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $145.2.
- An analyst from UBS persists with their Neutral rating on Airbnb, maintaining a target price of $148.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Airbnb, targeting a price of $140.
- An analyst from UBS has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $143.
- An analyst from Needham downgraded its action to Buy with a price target of $150.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Airbnb with a target price of $145.
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 Airbnb, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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