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News

Smart Money Is Betting Big In BABA Options

Author: Benzinga Insights | July 02, 2024 11:32am

Financial giants have made a conspicuous bearish move on Alibaba Gr Hldgs. Our analysis of options history for Alibaba Gr Hldgs (NYSE:BABA) revealed 33 unusual trades.

Delving into the details, we found 42% of traders were bullish, while 51% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $739,079, and 24 were calls, valued at $1,608,334.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $120.0 for Alibaba Gr Hldgs over the last 3 months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Alibaba Gr Hldgs'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 Alibaba Gr Hldgs's whale trades within a strike price range from $50.0 to $120.0 in the last 30 days.

Alibaba Gr Hldgs Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
BABA CALL TRADE BEARISH 08/16/24 $2.81 $2.74 $2.75 $75.00 $275.0K 7.6K 1.9K
BABA CALL TRADE BEARISH 01/17/25 $9.45 $9.4 $9.4 $70.00 $176.7K 734 0
BABA PUT SWEEP BULLISH 08/16/24 $6.8 $6.5 $6.5 $77.50 $161.8K 661 150
BABA PUT TRADE BULLISH 12/18/26 $47.95 $46.6 $46.9 $120.00 $136.0K 2 1
BABA CALL SWEEP BEARISH 08/16/24 $3.75 $3.65 $3.75 $72.50 $130.8K 17.2K 67

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.

Following our analysis of the options activities associated with Alibaba Gr Hldgs, we pivot to a closer look at the company's own performance.

Present Market Standing of Alibaba Gr Hldgs

  • Currently trading with a volume of 4,919,487, the BABA's price is up by 1.3%, now at $73.11.
  • RSI readings suggest the stock is currently may be approaching oversold.
  • Anticipated earnings release is in 37 days.

What The Experts Say On Alibaba Gr Hldgs

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $115.0.

  • An analyst from Loop Capital has decided to maintain their Buy rating on Alibaba Gr Hldgs, which currently sits at a price target of $115.

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