Whales with a lot of money to spend have taken a noticeably bullish stance on Alibaba Gr Hldgs.
Looking at options history for Alibaba Gr Hldgs we detected 36 trades.
If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $121,650 and 34, calls, for a total amount of $1,609,764.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $150.0 for Alibaba Gr Hldgs over the recent three months.
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $80.0 to $150.0 in the last 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BABA | CALL | TRADE | BEARISH | 5.2K | 206 | ||||||
| BABA | CALL | SWEEP | BULLISH | 9.5K | 540 | ||||||
| BABA | CALL | SWEEP | BEARISH | 20.1K | 456 | ||||||
| BABA | PUT | TRADE | BULLISH | 293 | 100 | ||||||
| BABA | CALL | TRADE | BEARISH | 1.4K | 90 |
Alibaba ( BABA ) 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 ( BABA ). 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.
Currently trading with a volume of 6,952,617, the BABA's price is down by -2.6%, now at $89.92.
RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
Anticipated earnings release is in 57 days.
4 market experts have recently issued ratings for this stock, with a consensus target price of $119.75.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Alibaba Gr Hldgs, targeting a price of $113.
* In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $118.
* An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $118.
* An analyst from Barclays persists with their Overweight rating on Alibaba Gr Hldgs, maintaining a target price of $130.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Alibaba Gr Hldgs options trades with real-time alerts from Benzinga Pro.
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