Looking At Airbnb's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity on Airbnb (NASDAQ:ABNB) indicates a predominantly bearish sentiment among big-money traders, with a notable split of 22% bullish and 77% bearish. The activity includes 9 uncommon trades, with 6 puts totaling $810,415 and 3 calls totaling $133,734, focusing on a price band between $139.0 and $147.0. The largest trades include a bearish put for $549.2K and a bearish call for $63.6K. Airbnb, the world's largest online alternative accommodation agency, saw its stock price down -1.71% at $143.99, with analysts issuing mixed ratings and price targets ranging from $110 to $150.
February 02, 2024 | 3:32 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Airbnb's stock may face short-term pressure due to the bearish sentiment reflected in the unusual options activity, despite mixed analyst ratings.
The bearish sentiment from the unusual options activity, combined with the current stock price decline and the mixed analyst ratings, suggests potential short-term pressure on Airbnb's stock. The focus on a specific price band and the significant amount of money involved in these trades indicate that investors are preparing for a downward movement. However, the mixed analyst ratings and the company's strong market position introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100