Decoding Alibaba Gr Hldgs's Options Activity: What's the Big Picture?

Author: Benzinga Insights | June 10, 2024 10:45am

Financial giants have made a conspicuous bullish move on Alibaba Gr Hldgs. Our analysis of options history for Alibaba Gr Hldgs (NYSE:BABA) revealed 12 unusual trades.

Delving into the details, we found 58% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $165,000, and 10 were calls, valued at $527,675.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $100.0 for Alibaba Gr Hldgs, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Alibaba Gr Hldgs options trades today is 2009.83 with a total volume of 3,516.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Alibaba Gr Hldgs's big money trades within a strike price range of $10.0 to $100.0 over the last 30 days.

Alibaba Gr Hldgs Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
BABA	PUT	SWEEP	BULLISH	01/17/25	$23.15	$22.6	$23.0	$100.00	$115.0K	3.2K	0
BABA	CALL	TRADE	BULLISH	01/16/26	$69.35	$67.1	$69.35	$10.00	$69.3K	701	134
BABA	CALL	TRADE	BULLISH	01/16/26	$69.0	$66.55	$69.0	$10.00	$69.0K	701	44
BABA	CALL	TRADE	BULLISH	01/16/26	$69.0	$66.55	$69.0	$10.00	$69.0K	701	44
BABA	CALL	TRADE	NEUTRAL	01/16/26	$71.5	$66.6	$68.95	$10.00	$68.9K	701	14

About Alibaba Gr Hldgs

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

Where Is Alibaba Gr Hldgs Standing Right Now?

• With a volume of 2,777,531, the price of BABA is up 1.16% at $79.32.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 59 days.

Expert Opinions on Alibaba Gr Hldgs

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $106.0.

• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Alibaba Gr Hldgs, targeting a price of $107.
• Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Alibaba Gr Hldgs with a target price of $103.
• An analyst from Truist Securities persists with their Buy rating on Alibaba Gr Hldgs, maintaining a target price of $110.
• An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $118.
• Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Alibaba Gr Hldgs with a target price of $92.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Alibaba Gr Hldgs with Benzinga Pro for real-time alerts.

Posted In: BABA