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 58 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $997,028 and 42, calls, for a total amount of $2,506,056.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $140.0 for Alibaba Gr Holding during the past quarter.
Volume & Open Interest Trends
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 $5.0 to $140.0 in the last 30 days.
Alibaba Gr 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 | TRADE | BEARISH | 01/19/24 | $5.00 | $348.5K | 20 | 0 |
| BABA | CALL | SWEEP | NEUTRAL | 07/19/24 | $85.00 | $257.2K | 2.4K | 3 |
| BABA | PUT | TRADE | BULLISH | 01/12/24 | $68.00 | $191.4K | 1.3K | 4.3K |
| BABA | CALL | SWEEP | BEARISH | 01/12/24 | $70.00 | $161.3K | 237 | 2.5K |
| BABA | CALL | SWEEP | BEARISH | 06/21/24 | $90.00 | $138.7K | 18.8K | 953 |
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%).
Having examined the options trading patterns of Alibaba Gr Holding, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Alibaba Gr Holding's Current Market Status
- Currently trading with a volume of 13,112,319, the BABA's price is up by 0.27%, now at $74.59.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 64 days.
Professional Analyst Ratings for Alibaba Gr Holding
In the last month, 2 experts released ratings on this stock with an average target price of $120.0.
- Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Alibaba Gr Holding with a target price 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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