Alibaba Group Holding Unusual Options Activity For December 05

Alibaba Group Holding Unusual Options Activity For December 05

A whale with a lot of money to spend has taken a noticeably bullish stance on Alibaba Group Holding.

Looking at options history for Alibaba Group Holding BABA we detected 46 strange trades.

If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $718,384 and 34, calls, for a total amount of $2,786,704.

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 $55.0 to $210.0 for Alibaba Group Holding 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 Alibaba Group Holding'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 Alibaba Group Holding's whale trades within a strike price range from $55.0 to $210.0 in the last 30 days.

Alibaba Group Holding 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
BABA CALL SWEEP NEUTRAL 01/20/23 $105.00 $435.8K 11.6K 4.9K
BABA CALL SWEEP BULLISH 12/16/22 $75.00 $320.0K 11.3K 231
BABA CALL SWEEP BEARISH 01/20/23 $110.00 $316.2K 16.4K 5.1K
BABA PUT TRADE BEARISH 03/17/23 $70.00 $304.0K 8.6K 2.0K
BABA CALL SWEEP BEARISH 01/20/23 $105.00 $111.4K 11.6K 308

Where Is Alibaba Group Holding Standing Right Now?

  • With a volume of 20,903,118, the price of BABA is up 0.99% at $90.95.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 80 days.

What The Experts Say On Alibaba Group Holding:

  • Truist Securities has decided to maintain their Buy rating on Alibaba Group Holding, which currently sits at a price target of $120.
  • HSBC has decided to maintain their Buy rating on Alibaba Group Holding, which currently sits at a price target of $124.
  • Benchmark has decided to maintain their Buy rating on Alibaba Group Holding, which currently sits at a price target of $180.
  • Citigroup has decided to maintain their Buy rating on Alibaba Group Holding, which currently sits at a price target of $144.
  • Mizuho has decided to maintain their Buy rating on Alibaba Group Holding, which currently sits at a price target of $155.

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 Alibaba Group Holding, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets