Airbnb Unusual Options Activity

Airbnb Unusual Options Activity

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 44 uncommon options trades for Airbnb.

This isn't normal.

The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.

Out of all of the special options we uncovered, 20 are puts, for a total amount of $1,589,785, and 24 are calls, for a total amount of $1,901,534.

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 $80.0 to $170.0 for Airbnb 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 Airbnb'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 Airbnb's whale trades within a strike price range from $80.0 to $170.0 in 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 BEARISH 12/16/22 $110.00 $635.3K 2.6K 1.3K
ABNB CALL SWEEP NEUTRAL 04/21/23 $120.00 $586.6K 423 502
ABNB PUT SWEEP BEARISH 11/18/22 $109.00 $175.1K 276 292
ABNB CALL TRADE BULLISH 06/16/23 $150.00 $157.5K 836 256
ABNB PUT TRADE BEARISH 01/19/24 $150.00 $145.6K 2.4K 30

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ABNB PUT SWEEP BEARISH 12/16/22 $110.00 $635.3K 2.6K 1.3K
ABNB CALL SWEEP NEUTRAL 04/21/23 $120.00 $586.6K 423 502
ABNB PUT SWEEP BEARISH 11/18/22 $109.00 $175.1K 276 292
ABNB CALL TRADE BULLISH 06/16/23 $150.00 $157.5K 836 256
ABNB PUT TRADE BEARISH 01/19/24 $150.00 $145.6K 2.4K 30

Where Is Airbnb Standing Right Now?

  • With a volume of 4,277,150, the price of ABNB is up 2.51% at $107.8.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 91 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 $110.
  • UBS has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $112.
  • Susquehanna has decided to maintain their Positive rating on Airbnb, which currently sits at a price target of $135.
  • Goldman Sachs has decided to maintain their Sell rating on Airbnb, which currently sits at a price target of $98.
  • Baird has decided to maintain their Outperform rating on Airbnb, which currently sits at a price target of $120.

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