Whales with a lot of money to spend have taken a noticeably bullish stance on Alibaba Gr Holding.
Looking at options history for Alibaba Gr Holding BABA we detected 43 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $1,662,242 and 27, calls, for a total amount of $1,578,930.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $105.0 for Alibaba Gr 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 Gr 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 Gr Holding's whale trades within a strike price range from $30.0 to $105.0 in the last 30 days.
Alibaba Gr Holding 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BABA | PUT | SWEEP | BEARISH | 01/19/24 | $100.00 | $673.7K | 16.6K | 250 |
| BABA | PUT | SWEEP | BEARISH | 01/19/24 | $100.00 | $268.5K | 16.6K | 350 |
| BABA | CALL | TRADE | BULLISH | 01/19/24 | $78.00 | $180.0K | 0 | 23 |
| BABA | CALL | TRADE | BULLISH | 01/17/25 | $90.00 | $144.8K | 7.1K | 254 |
| BABA | CALL | SWEEP | BULLISH | 01/19/24 | $77.00 | $125.3K | 0 | 847 |
About Alibaba Gr Holding
Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume (CNY 8.3 trillion for the fiscal year ended March 2022). It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba's China commerce retail division accounted for 67% of revenue in the year ended March 2022. Additional revenue sources include China commerce wholesale (2%), international commerce retail/wholesale (5%/2%), local consumer services (5%), cloud computing (9%), digital media and entertainment platforms (4%), Cainiao logistics services (5%), and innovation initiatives/other (1%).
After a thorough review of the options trading surrounding Alibaba Gr Holding, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Alibaba Gr Holding
- Trading volume stands at 12,285,006, with BABA's price down by -0.6%, positioned at $74.06.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 66 days.
What Analysts Are Saying About Alibaba Gr Holding
In the last month, 2 experts released ratings on this stock with an average target price of $120.0.
- An analyst from Susquehanna has decided to maintain their Positive rating on Alibaba Gr Holding, which currently sits at a price target of $150.
- An analyst from Morgan Stanley has revised its rating downward to Equal-Weight, adjusting the price target to $90.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Alibaba Gr Holding with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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