Benzinga | Jan 31, 2022 04:59PM EST

Check Out What Whales Are Doing With ABNB

Someone with a lot of money to spend has taken a bearish stance on Airbnb (NASDAQ:ABNB).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with ABNB, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 61 uncommon options trades for Airbnb.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 59%, bearish.

Out of all of the special options we uncovered, 29 are puts, for a total amount of $2,067,731, and 32 are calls, for a total amount of $1,771,767.

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 $125.0 to $230.0 for Airbnb 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 Airbnb'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 Airbnb's whale trades within a strike price range from $125.0 to $230.0 in the last 30 days.

Airbnb 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 InterestABNB PUT TRADE BEARISH 04/14/ $185.00 $362.0K 350 100 22ABNB PUT TRADE BEARISH 06/17/ $150.00 $176.4K 2.5K 202 22ABNB PUT SWEEP BULLISH 04/14/ $155.00 $171.1K 1.3K 169 22ABNB PUT SWEEP BULLISH 06/17/ $155.00 $132.6K 878 71 22ABNB CALL SWEEP BULLISH 01/20/ $180.00 $128.8K 5.6K 147 23

Where Is Airbnb Standing Right Now?

* With a volume of 5,412,728, the price of ABNB is up 7.84% at $153.97.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 24 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.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.