Check Out What Whales Are Doing With ABNB

Check Out What Whales Are Doing With ABNB

A whale with a lot of money to spend has taken a noticeably bearish stance on Airbnb.

Looking at options history for Airbnb ABNB we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 57% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $189,530 and 9, calls, for a total amount of $603,785.

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 $130.0 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 $75.0 to $130.0 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 CALL SWEEP BEARISH 01/20/23 $110.00 $243.0K 4.6K 724
ABNB CALL TRADE BULLISH 12/16/22 $90.00 $105.4K 1.3K 1
ABNB PUT SWEEP BULLISH 03/17/23 $85.00 $63.6K 1.1K 101
ABNB CALL TRADE BULLISH 06/16/23 $100.00 $48.6K 780 30
ABNB CALL SWEEP BEARISH 11/18/22 $75.00 $43.7K 31 19

Where Is Airbnb Standing Right Now?

  • With a volume of 1,493,857, the price of ABNB is down -2.01% at $97.31.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 88 days.

What The Experts Say On Airbnb:

  • Keybanc has decided to maintain their Overweight rating on Airbnb, which currently sits at a price target of $142.
  • Baird has decided to maintain their Outperform rating on Airbnb, which currently sits at a price target of $120.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Airbnb, which currently sits at a price target of $105.
  • Mizuho has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $125.
  • Piper Sandler has decided to maintain their Neutral rating on Airbnb, which currently sits at a price target of $110.

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