High-rolling investors have positioned themselves bearish on Bilibili BILI, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BILI often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Bilibili. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $67,000, and 7 calls, totaling $592,639.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $11.0 to $17.0 for Bilibili over the last 3 months.
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 Bilibili'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 Bilibili's whale activity within a strike price range from $11.0 to $17.0 in the last 30 days.
Bilibili Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BILI | CALL | TRADE | NEUTRAL | 06/21/24 | $1.22 | $1.2 | $1.21 | $12.00 | $363.0K | 6.5K | 195 |
| BILI | PUT | TRADE | NEUTRAL | 04/19/24 | $3.4 | $3.3 | $3.35 | $15.00 | $67.0K | 3.9K | 0 |
| BILI | CALL | SWEEP | BULLISH | 06/21/24 | $1.65 | $1.63 | $1.64 | $11.00 | $55.1K | 6.8K | 338 |
| BILI | CALL | SWEEP | BEARISH | 04/19/24 | $0.53 | $0.5 | $0.51 | $11.50 | $51.1K | 3.4K | 1.0K |
| BILI | CALL | SWEEP | BULLISH | 07/19/24 | $0.44 | $0.43 | $0.44 | $17.00 | $43.3K | 11.6K | 1.8K |
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.
Following our analysis of the options activities associated with Bilibili, we pivot to a closer look at the company's own performance.
Current Position of Bilibili
- With a trading volume of 3,809,144, the price of BILI is down by -5.89%, reaching $11.51.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 48 days from now.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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