A look at Atlassian Corp's recent whale swaps

A whale with plenty of cash to spend has taken a distinctly bullish stance on Atlassian Corp.

Reviewing the options history of Atlassian Corp TEAM, we detected 11 strange transactions.

If we consider the specifics of each trade, it is correct to say that 72% of investors opened trades with bullish expectations and 27% with bearish expectations.

Of all the trades identified, 8 are puts, for a total amount of $491,766 and 3 are calls, for a total amount of $163,450.

What is the target price?

Given the volume and open interest on these contracts, it appears whales have targeted a price range of $210.0 to $360.0 for Atlassian Corp as of past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for Atlassian Corp options trades today is 123.71 with a total volume of 422.00 .

In the following graph, we are able to follow the evolution of the volume and open interest of call and put options for Atlassian Corp's large trades in a strike price range of $210.0 to $360.0 in the last 30 days.

Atlassian Corp 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 CREW PUT TRADE BULLISH 01/19/24 $310.00 $110.5,000 203 29 CREW CALL TRADE BULLISH 07/10/22 $230.00 $92.5,000 24 251 CREW PUT TRADE BULLISH 01/19/24 $350.00 $86.5,000 19 0 CREW PUT SWEEP BULLISH 11/18/22 $210.00 $83.2K 70 42 CREW PUT TRADE BEARISH 01/19/24 $310.00 $55,300 203 34

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume CREW PUT TRADE BULLISH 01/19/24 $310.00 $110.5,000 203 29 CREW CALL TRADE BULLISH 07/10/22 $230.00 $92.5,000 24 251 CREW PUT TRADE BULLISH 01/19/24 $350.00 $86.5,000 19 0 CREW PUT SWEEP BULLISH 11/18/22 $210.00 $83.2K 70 42 CREW PUT TRADE BEARISH 01/19/24 $310.00 $55,300 203 34

Where is Atlassian Corp now? With a volume of 497,630, TEAM's price is up 1.82% to $218.49. RSI indicators suggest that the underlying stock may be oversold. The next results should be published in 29 days.

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.

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