Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bearish stance on Alibaba Group Holding BABA.
And retail traders should know.
Looking at options activity for Alibaba Group Holding BABA we detected 73 unusual trades. If we consider the specifics of each trade, it is accurate to state that 28.77% of the investors opened trades with bullish expectations and 71.23% with bearish. From the overall spotted trades, 36 are puts, for a total amount of $6,982,423 and 37, calls, for a total amount of $5,459,359.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that the smart money is targeting a price range from $60.0 to $320.0 for Alibaba Group Holding in the over the last 3 months.
Volume & Open Interest Development
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 Alibaba Group Holding'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 Alibaba Group Holding's smart money trades within a strike price range from $60.0 to $320.0 in the last 30 days.
Alibaba Group Holding Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BABA | CALL | TRADE | BEARISH | 06/17/22 | $210.00 | $1.0M | 4.1K | 2.0K |
| BABA | PUT | TRADE | BEARISH | 11/19/21 | $60.00 | $682.1K | 428 | 20.4K |
| BABA | PUT | SWEEP | BEARISH | 01/21/22 | $100.00 | $654.9K | 5.5K | 9.4K |
| BABA | CALL | TRADE | BEARISH | 01/21/22 | $210.00 | $514.6K | 18.9K | 6.3K |
| BABA | PUT | SWEEP | BEARISH | 12/17/21 | $100.00 | $492.9K | 2.4K | 5.9K |
Where Is Alibaba Group Holding Standing Right Now?
- With a volume of 23,814,101, the price of BABA is down -3.2% over the last 24 hours at $139.59.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 31 days.
What The Experts Say On Alibaba Group Holding:
- Raymond James downgraded its action to Outperform with a price target of $240.0
- Keybanc has decided to maintain their Overweight rating on Alibaba Group Holding, which currently sits at a price target of $200.0.
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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
