Financial giants have made a conspicuous bearish move on Spotify Technology. Our analysis of options history for Spotify Technology SPOT revealed 12 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $133,742, and 8 were calls, valued at $660,866.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $450.0 for Spotify Technology during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Spotify Technology options trades today is 242.58 with a total volume of 819.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Spotify Technology's big money trades within a strike price range of $125.0 to $450.0 over the last 30 days.
Spotify Technology 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | CALL | SWEEP | BULLISH | 01/17/25 | $10.0 | $9.85 | $10.0 | $450.00 | $294.0K | 5 | 294 |
| SPOT | CALL | TRADE | BULLISH | 05/17/24 | $55.45 | $52.8 | $55.45 | $250.00 | $116.4K | 338 | 22 |
| SPOT | CALL | TRADE | NEUTRAL | 06/21/24 | $64.1 | $62.95 | $63.43 | $240.00 | $63.4K | 1.2K | 10 |
| SPOT | CALL | TRADE | BEARISH | 12/19/25 | $153.55 | $149.7 | $149.7 | $175.00 | $59.8K | 14 | 4 |
| SPOT | PUT | TRADE | BEARISH | 04/19/24 | $3.95 | $3.8 | $3.95 | $290.00 | $39.5K | 333 | 82 |
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.
In light of the recent options history for Spotify Technology, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Spotify Technology's Current Market Status
- Currently trading with a volume of 865,970, the SPOT's price is down by -2.63%, now at $292.55.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 8 days.
Expert Opinions on Spotify Technology
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $339.0.
- An analyst from JP Morgan persists with their Overweight rating on Spotify Technology, maintaining a target price of $320.
- An analyst from UBS has decided to maintain their Buy rating on Spotify Technology, which currently sits at a price target of $375.
- An analyst from Keybanc persists with their Overweight rating on Spotify Technology, maintaining a target price of $350.
- An analyst from Barclays persists with their Overweight rating on Spotify Technology, maintaining a target price of $335.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Spotify Technology, targeting a price of $315.
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 Spotify Technology with Benzinga Pro for real-time 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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