Benzinga | Nov 30, 2021 04:56PM EST

This Is What Whales Are Betting On Alibaba Group Holding

A whale with a lot of money to spend has taken a noticeably bearish stance on Alibaba Group Holding.

Looking at options history for Alibaba Group Holding (NYSE:BABA) we detected 47 strange trades.

If we consider the specifics of each trade, it is accurate to state that 36.17% of the investors opened trades with bullish expectations and 63.83% with bearish.

From the overall spotted trades, 34 are puts, for a total amount of $1,911,071.00 and 13, calls, for a total amount of $500,494.00.

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 $70.0 to $250.0 for Alibaba Group Holding over the last 3 months.

Volume & Open Interest Development

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 Group Holding'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 Group Holding's whale trades within a strike price range from $70.0 to $250.0 in the last 30 days.

Alibaba Group Holding Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestBABA PUT TRADE BEARISH 02/18/ $125.00 $204.8K 3.3K 202 22BABA PUT TRADE BEARISH 01/19/ $200.00 $164.0K 2.6K 20 24BABA PUT SWEEP BULLISH 09/16/ $120.00 $161.9K 2.3K 133 22BABA PUT SWEEP NEUTRAL 06/17/ $140.00 $122.2K 10.7K 53 22BABA CALL TRADE BEARISH 05/20/ $120.00 $119.0K 120 351 22

Where Is Alibaba Group Holding Standing Right Now?

* With a volume of 18,182,594.00, the price of BABA is down -3.48% at $127.03.

* RSI indicators hint that the underlying stock may be oversold.

* Next earnings are expected to be released in 63 days.

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.

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