A whale with a lot of money to spend has taken a noticeably bearish stance on Airbnb.
Looking at options history for Airbnb (NASDAQ:ABNB) we detected 17 strange trades.
If we consider the specifics of each trade, it is accurate to state that 47% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $427,457 and 12, calls, for a total amount of $1,175,160.
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 $125.0 to $220.0 for Airbnb over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Airbnb options trades today is 1973.08 with a total volume of 1,028.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Airbnb's big money trades within a strike price range of $125.0 to $220.0 over 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 | TRADE | BEARISH | 01/20/23 | $180.00 | $284.0K | 5.5K | 201 |
| ABNB | CALL | TRADE | BEARISH | 01/20/23 | $180.00 | $277.0K | 5.5K | 100 |
| ABNB | PUT | TRADE | BULLISH | 01/20/23 | $175.00 | $276.0K | 2.4K | 100 |
| ABNB | CALL | SWEEP | BULLISH | 01/20/23 | $170.00 | $164.0K | 2.6K | 50 |
| ABNB | CALL | SWEEP | BEARISH | 04/08/22 | $165.00 | $95.0K | 267 | 77 |
Where Is Airbnb Standing Right Now?
- With a volume of 2,037,228, the price of ABNB is up 1.69% at $174.67.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 41 days.
What The Experts Say On Airbnb:
- Deutsche Bank downgraded its action to Hold with a price target of $150
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.
