Whales with a lot of money to spend have taken a noticeably bearish stance on Spotify Technology.
Looking at options history for Spotify Technology SPOT we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $695,972 and 10, calls, for a total amount of $496,321.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $290.0 for Spotify Technology during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Spotify Technology's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Spotify Technology's substantial trades, within a strike price spectrum from $150.0 to $290.0 over the preceding 30 days.
Spotify Technology Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SPOT | PUT | TRADE | BEARISH | 12/19/25 | $260.00 | $251.7K | 2 | 50 |
| SPOT | CALL | SWEEP | BEARISH | 04/19/24 | $260.00 | $145.0K | 765 | 164 |
| SPOT | CALL | SWEEP | BEARISH | 01/16/26 | $190.00 | $81.8K | 28 | 23 |
| SPOT | PUT | TRADE | BEARISH | 12/19/25 | $220.00 | $78.7K | 159 | 25 |
| SPOT | PUT | TRADE | BEARISH | 12/19/25 | $230.00 | $71.6K | 589 | 20 |
About Spotify Technology
Spotify, headquartered in Stockholm, Sweden, is one of the world's largest music streaming service providers, with 602 million monthly active users at the end of 2023. The firm monetizes its users through a paid subscription model, referred to as its premium service, and an ad-based model, referred to as its ad-supported service. Revenue from premium and ad-supported services represented 86% and 14% of Spotify's 2023 total revenue, respectively.
Following our analysis of the options activities associated with Spotify Technology, we pivot to a closer look at the company's own performance.
Present Market Standing of Spotify Technology
- Currently trading with a volume of 649,183, the SPOT's price is up by 0.14%, now at $257.5.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 39 days.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Spotify Technology options trades with real-time alerts from Benzinga Pro.
© 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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