eBay Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on eBay EBAY.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with EBAY, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 25 uncommon options trades for eBay.

This isn't normal.

The overall sentiment of these big-money traders is split between 48% bullish and 52%, bearish.

Out of all of the special options we uncovered, 18 are puts, for a total amount of $1,836,282, and 7 are calls, for a total amount of $234,967.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $65.0 for eBay 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 eBay'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 eBay's whale trades within a strike price range from $50.0 to $65.0 in the last 30 days.

eBay 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
EBAY PUT TRADE BULLISH 03/18/22 $57.50 $1.2M 9.8K 3.5K
EBAY PUT SWEEP BEARISH 02/25/22 $58.00 $63.5K 3.6K 477
EBAY PUT SWEEP NEUTRAL 02/25/22 $54.00 $58.2K 776 2.4K
EBAY CALL SWEEP BULLISH 02/25/22 $55.00 $53.8K 610 562
EBAY PUT TRADE BULLISH 02/25/22 $56.00 $53.4K 1.2K 1.2K

Where Is eBay Standing Right Now?

  • With a volume of 9,099,184, the price of EBAY is down -1.02% at $54.59.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On eBay:

  • Credit Suisse has decided to maintain their Outperform rating on eBay, which currently sits at a price target of $68.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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