Investors with a lot of money to spend have taken a bearish stance on Spotify Technology (NYSE:SPOT).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPOT, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 19 uncommon options trades for Spotify Technology.

This isn't normal.

The overall sentiment of these big-money traders is split between 31% bullish and 36%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $91,825, and 16 are calls, for a total amount of $1,058,236.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $380.0 to $860.0 for Spotify Technology over the recent three months.

Analyzing Volume & Open Interest

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 Spotify Technology'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 Spotify Technology's whale activity within a strike price range from $380.0 to $860.0 in the last 30 days.

Spotify Technology Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Spotify Technology

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.

Where Is Spotify Technology Standing Right Now?

• Trading volume stands at 632,163, with SPOT's price up by 1.5%, positioned at $640.0.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 62 days.

Expert Opinions on Spotify Technology

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $668.0.

Turn $1000 into $1270 in just 20 days?

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Spotify Technology, Benzinga Pro gives you real-time options trades alerts.