Looking At Atlassian Corp's Recent Whale Trades

Looking At Atlassian Corp's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Atlassian Corp TEAM.

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 TEAM, 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 10 uncommon options trades for Atlassian Corp.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $351,600, and 4 are calls, for a total amount of $137,984.

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 $100.0 to $250.0 for Atlassian Corp over the last 3 months.

Volume & Open Interest Development

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 Atlassian Corp'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 Atlassian Corp's whale activity within a strike price range from $100.0 to $250.0 in the last 30 days.

Atlassian Corp 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
TEAM PUT SWEEP BEARISH 01/19/24 $140.00 $144.0K 86 101
TEAM PUT SWEEP BULLISH 10/21/22 $240.00 $67.4K 170 48
TEAM PUT TRADE BULLISH 06/16/23 $240.00 $40.9K 3 0
TEAM CALL TRADE BEARISH 09/30/22 $240.00 $39.0K 507 80
TEAM CALL TRADE BULLISH 03/17/23 $220.00 $36.5K 13 6

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TEAM PUT SWEEP BEARISH 01/19/24 $140.00 $144.0K 86 101
TEAM PUT SWEEP BULLISH 10/21/22 $240.00 $67.4K 170 48
TEAM PUT TRADE BULLISH 06/16/23 $240.00 $40.9K 3 0
TEAM CALL TRADE BEARISH 09/30/22 $240.00 $39.0K 507 80
TEAM CALL TRADE BULLISH 03/17/23 $220.00 $36.5K 13 6

Where Is Atlassian Corp Standing Right Now?

  • With a volume of 1,314,628, the price of TEAM is down -5.83% at $249.35.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 44 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 Atlassian Corp, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets