Airbnb Option Alert: Aug 25 $145 Calls Sweep (32) near the Ask: 1000 @ $2.071 vs 150 OI; Ref=$138.3004
Portfolio Pulse from Charles Gross
A significant options activity has been observed for Airbnb (ABNB) with a sweep of 1000 calls at a strike price of $145 expiring on August 25. The calls were purchased near the ask price of $2.071, indicating bullish sentiment. The reference price for ABNB at the time was $138.3004.
August 09, 2023 | 3:21 pm
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POSITIVE IMPACT
The observed options activity indicates a bullish sentiment towards Airbnb's stock, suggesting that investors expect the price to rise above $145 by August 25.
The purchase of a large number of call options indicates that investors are expecting the price of ABNB to rise in the short term. If the price rises above the strike price of $145 by the expiration date, these options will be in the money, leading to potential profits for the holders. This bullish sentiment could drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100