Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

What Are Whales Doing With Airbnb

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

Looking at options history for Airbnb (NASDAQ:ABNB) we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $398,658 and 6, calls, for a total amount of $221,601.

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 $90.0 to $200.0 for Airbnb over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $90.0 to $200.0 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 PUT SWEEP BEARISH 05/20/22 $145.00 $178.0K 1.0K 258
ABNB PUT SWEEP BULLISH 04/14/22 $165.00 $88.8K 1.6K 112
ABNB PUT SWEEP BULLISH 04/14/22 $160.00 $58.2K 1.9K 195
ABNB CALL SWEEP BEARISH 04/14/22 $165.00 $54.3K 1.5K 193
ABNB CALL TRADE BULLISH 01/19/24 $200.00 $48.9K 665 17

Where Is Airbnb Standing Right Now?

  • With a volume of 1,400,540, the price of ABNB is down -2.71% at $162.48.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 52 days.

What The Experts Say On Airbnb:

  • Deutsche Bank downgraded its action to Hold with a price target of $150
  • Tigress Financial has decided to maintain their Buy rating on Airbnb, which currently sits at a price target of $214.

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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.