Deep-pocketed investors have adopted a bearish approach towards Bilibili BILI, 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 BILI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Bilibili. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 22% leaning bullish and 77% bearish. Among these notable options, 2 are puts, totaling $70,840, and 7 are calls, amounting to $254,573.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $11.5 and $17.0 for Bilibili, spanning the last three months.
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 Bilibili's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Bilibili's significant trades, within a strike price range of $11.5 to $17.0, over the past month.
Bilibili Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BILI | CALL | SWEEP | BULLISH | 07/19/24 | $13.00 | $46.3K | 2.1K | 200 |
| BILI | CALL | SWEEP | BEARISH | 06/21/24 | $17.00 | $40.6K | 24.2K | 2.2K |
| BILI | CALL | SWEEP | BEARISH | 06/21/24 | $17.00 | $39.8K | 24.2K | 3.3K |
| BILI | CALL | SWEEP | BEARISH | 05/17/24 | $14.00 | $36.8K | 67 | 5.4K |
| BILI | CALL | SWEEP | BEARISH | 05/17/24 | $14.00 | $36.8K | 67 | 3.0K |
About Bilibili
Bilibili is a Chinese online entertainment platform that is best known for its video-sharing site that resembles YouTube. The site was founded in 2009 and started as a long-form video platform for anime, comics, and gaming, or ACG, content that appealed to Gen Z users. Since then, it has expanded its content on the platform to include a broader range of interests that have attracted Chinese users outside of the Gen Z cohort. The firm generates revenue through five main areas: advertising, games, live streaming, value-added services, and e-commerce.
After a thorough review of the options trading surrounding Bilibili, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Bilibili's Current Market Status
- Currently trading with a volume of 23,491,366, the BILI's price is down by -8.06%, now at $11.29.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 70 days.
What Analysts Are Saying About Bilibili
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $13.375.
- An analyst from Citigroup downgraded its action to Neutral with a price target of $12.
- An analyst from Benchmark has decided to maintain their Buy rating on Bilibili, which currently sits at a price target of $15.
- Showing optimism, an analyst from JP Morgan upgrades its rating to Neutral with a revised price target of $11.
- Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Bilibili, targeting a price of $15.
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 Bilibili options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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