Looking at the recent activity of Airbnb's unusual options

Someone with a lot of money to spend has taken a bearish stance on Airbnb ABNB.

And retailers should know.

We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.

Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with ABNB, it often means someone knows something is going to happen.

So how do we know what this whale just did?

Benzinga's options scanner today spotted 57 unusual options swaps for Airbnb.

This is not normal.

The general sentiment of these big traders is split between 36% bullish and 63% bearish.

Of all the special options we discovered, 27 are puts, totaling $1,690,040, and 30 are calls, totaling $2,186 $513.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $60.0 to $140.0 for Airbnb over the past few years. Last 3 months.

Development of volume and open interest

Reviewing volume and open interest is an insightful way to perform due diligence on a stock.

This data can help you track the liquidity and interest of Airbnb's options for a given strike price.

Below we can observe the evolution of volume and open interest in calls and sales, respectively, for Airbnb's entire whale business in a strike price range of $60.0 to $140.0 in the last 30 days.

Airbnb Options Volume and Open Interest in the Last 30 Days The biggest options spotted:

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume ABNB CALL SWEEP BULLISH 01/20/23 $85.00 $351,100 2.2K 742 ABNB CALL TRADE NEUTRAL 01/20/23 $85.00 $250,000 2.2K 1.1K ABNB PUT SWEEP BULLISH 01/19/24 $140.00 $207,000 1.6K 42 ABNB PUT SWEEP BEARISH 01/20/23 $85.00 $100.8,000 4.9K 1.2K ABNB CALL TRADE BEARISH 01/20/23 $85.00 $93,200 2.2K 1.4K

How is Airbnb doing right now? With a volume of 3,192,693, ABNB's price is down -4.93% to $93.65. RSI indicators suggest that the underlying stock is currently neutral between overbought and oversold. The next results should be published in 70 days. What the experts say about Airbnb: Barclays has decided to maintain its Equal-Weight rating on Airbnb, which currently sits at a price target of $103. Baird downgraded its stock to Neutral with a price target of $100

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay informed about the latest options trades for Airbnb, Benzinga Pro gives you real-time alerts on options trades.

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