A whale with a lot of money to spend has taken a noticeably bearish stance on Alibaba Gr Holding.
Looking at options history for Alibaba Gr Holding (NYSE:BABA) we detected 55 strange trades.
If we consider the specifics of each trade, it is accurate to state that 49% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $1,914,316 and 46, calls, for a total amount of $4,878,671.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $230.0 for Alibaba Gr Holding over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Alibaba Gr Holding options trades today is 8849.92 with a total volume of 54,888.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Alibaba Gr Holding's big money trades within a strike price range of $60.0 to $230.0 over the last 30 days.
Alibaba Gr Holding Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BABA | CALL | SWEEP | BEARISH | 09/15/23 | $105.00 | $856.4K | 11.8K | 3.3K |
| BABA | PUT | SWEEP | BULLISH | 09/15/23 | $100.00 | $840.4K | 7.3K | 1.5K |
| BABA | PUT | TRADE | BULLISH | 01/19/24 | $230.00 | $570.2K | 0 | 44 |
| BABA | CALL | SWEEP | BEARISH | 08/25/23 | $97.00 | $529.1K | 3.9K | 1.7K |
| BABA | CALL | SWEEP | BULLISH | 10/20/23 | $105.00 | $420.5K | 4.0K | 989 |
Where Is Alibaba Gr Holding Standing Right Now?
- With a volume of 10,515,140, the price of BABA is down -1.99% at $100.13.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 9 days.
What The Experts Say On Alibaba Gr Holding:
- Baird downgraded its action to Outperform with a price target of $115
- B of A Securities has decided to maintain their Buy rating on Alibaba Gr Holding, which currently sits at a price target of $137.
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.
If you want to stay updated on the latest options trades for Alibaba Gr Holding, Benzinga Pro gives you real-time options trades alerts.
