Investors with a lot of money to spend have taken a bearish stance on Airbnb (NASDAQ:ABNB).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ABNB, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Airbnb.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 62%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $185,800, and 6 are calls, for a total amount of $492,418.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $200.0 for Airbnb over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Airbnb's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Airbnb's substantial trades, within a strike price spectrum from $120.0 to $200.0 over the preceding 30 days.
Airbnb Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ABNB | CALL | SWEEP | BEARISH | 08/16/24 | $6.65 | $6.5 | $6.55 | $150.00 | $326.8K | 415 | 49 |
| ABNB | PUT | SWEEP | BEARISH | 07/19/24 | $20.25 | $19.7 | $20.25 | $165.00 | $151.8K | 457 | 2 |
| ABNB | CALL | SWEEP | BEARISH | 06/21/24 | $15.35 | $15.0 | $15.0 | $130.00 | $39.0K | 932 | 0 |
| ABNB | CALL | SWEEP | BEARISH | 07/19/24 | $3.45 | $3.3 | $3.36 | $150.00 | $38.3K | 4.8K | 212 |
| ABNB | PUT | TRADE | NEUTRAL | 08/16/24 | $5.8 | $5.7 | $5.75 | $140.00 | $33.9K | 778 | 3 |
About Airbnb
Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered 7.7 million active accommodation listings as of Dec. 31, 2023. Listings from the company's over 5 million hosts are spread over almost every country in the world. In 2023, 50% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.
In light of the recent options history for Airbnb, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Airbnb
- With a volume of 2,047,215, the price of ABNB is down -2.86% at $145.05.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 49 days.
Expert Opinions on Airbnb
In the last month, 2 experts released ratings on this stock with an average target price of $149.5.
- An analyst from Truist Securities has decided to maintain their Hold rating on Airbnb, which currently sits at a price target of $134.
- Showing optimism, an analyst from Wedbush upgrades its rating to Outperform with a revised price target of $165.
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.