This Is What Whales Are Betting On Airbnb

This Is What Whales Are Betting On Airbnb

Someone with a lot of money to spend has taken a bearish stance on Airbnb ABNB.

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 ABNB, 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 Airbnb.

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, 7 are puts, for a total amount of $752,979, and 3 are calls, for a total amount of $143,485.

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 $75.0 to $250.0 for Airbnb over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Airbnb options trades today is 1518.67 with a total volume of 1,222.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Airbnb's big money trades within a strike price range of $75.0 to $250.0 over the last 30 days.

Airbnb 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
ABNB PUT SWEEP NEUTRAL 11/18/22 $120.00 $417.1K 2.0K 404
ABNB PUT TRADE BEARISH 11/18/22 $120.00 $121.5K 2.0K 522
ABNB PUT SWEEP BULLISH 06/16/23 $140.00 $87.0K 196 28
ABNB CALL TRADE BULLISH 12/16/22 $100.00 $78.0K 410 37
ABNB CALL TRADE BULLISH 06/16/23 $75.00 $36.9K 39 10

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ABNB PUT SWEEP NEUTRAL 11/18/22 $120.00 $417.1K 2.0K 404
ABNB PUT TRADE BEARISH 11/18/22 $120.00 $121.5K 2.0K 522
ABNB PUT SWEEP BULLISH 06/16/23 $140.00 $87.0K 196 28
ABNB CALL TRADE BULLISH 12/16/22 $100.00 $78.0K 410 37
ABNB CALL TRADE BULLISH 06/16/23 $75.00 $36.9K 39 10

Where Is Airbnb Standing Right Now?

  • With a volume of 1,965,592, the price of ABNB is down -5.05% at $118.72.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 48 days.

What The Experts Say On Airbnb:

  • Morgan Stanley has decided to maintain their Equal-Weight rating on Airbnb, which currently sits at a price target of $125.

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 Airbnb, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets