This Is What Whales Are Betting On Airbnb
Portfolio Pulse from Benzinga Insights
A large bearish position on Airbnb (NASDAQ:ABNB) has been noticed, with 55 options trades spotted, 54 of which are puts. The overall sentiment of these big-money traders is 40% bullish and 60% bearish. The whales have been targeting a price range from $120.0 to $141.0 for Airbnb over the last 3 months. The price of ABNB is currently down -1.67% at $119.97, and the next earnings are expected to be released in 7 days.
October 25, 2023 | 3:02 pm
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NEGATIVE IMPACT
A large bearish position has been taken on Airbnb, with the majority of options trades being puts. The stock price is currently down and the next earnings report is due in 7 days.
The large number of put options indicates that traders are expecting the price of Airbnb to decrease. This, combined with the current downward trend in the stock price and the upcoming earnings report, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100