High-rolling investors have positioned themselves bullish on KE Holdings BEKE, 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 BEKE often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for KE Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 75% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $37,410, and 7 calls, totaling $215,950.
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 $15.0 to $21.0 for KE Holdings over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for KE Holdings'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 KE Holdings's whale trades within a strike price range from $15.0 to $21.0 in the last 30 days.
KE Holdings 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BEKE | CALL | SWEEP | BULLISH | 07/19/24 | $0.78 | $0.76 | $0.78 | $17.50 | $37.8K | 4.3K | 516 |
| BEKE | PUT | SWEEP | BULLISH | 06/21/24 | $5.3 | $4.3 | $4.3 | $21.00 | $37.4K | 738 | 13 |
| BEKE | CALL | TRADE | BEARISH | 09/20/24 | $1.66 | $1.65 | $1.65 | $17.00 | $32.5K | 30 | 199 |
| BEKE | CALL | TRADE | BEARISH | 11/15/24 | $3.25 | $3.2 | $3.2 | $15.00 | $31.0K | 1.3K | 0 |
| BEKE | CALL | TRADE | BULLISH | 08/16/24 | $0.65 | $0.62 | $0.64 | $19.00 | $30.7K | 1.7K | 900 |
About KE Holdings
KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing home and new home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As at the end of 2023, Beike's cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.
Following our analysis of the options activities associated with KE Holdings, we pivot to a closer look at the company's own performance.
KE Holdings's Current Market Status
- Currently trading with a volume of 8,714,869, the BEKE's price is down by -2.0%, now at $16.65.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 97 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 KE Holdings 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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