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Alibaba Gr Holding Unusual Options Activity For April 22

Author: Benzinga Insights | April 22, 2024 10:46am

Deep-pocketed investors have adopted a bullish approach towards Alibaba Gr Holding (NYSE:BABA), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BABA usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 25 extraordinary options activities for Alibaba Gr Holding. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 52% leaning bullish and 48% bearish. Among these notable options, 13 are puts, totaling $719,666, and 12 are calls, amounting to $1,035,594.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $145.0 for Alibaba Gr Holding during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Alibaba Gr Holding's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Alibaba Gr Holding's significant trades, within a strike price range of $55.0 to $145.0, over the past month.

Alibaba Gr Holding Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
BABA CALL TRADE BEARISH 09/20/24 $9.85 $9.7 $9.75 $65.00 $243.7K 1.4K 1.0K
BABA CALL TRADE BEARISH 09/20/24 $9.85 $9.7 $9.75 $65.00 $242.7K 1.4K 1.5K
BABA CALL TRADE BULLISH 09/20/24 $9.85 $9.5 $9.75 $65.00 $200.8K 1.4K 2.0K
BABA PUT SWEEP BULLISH 05/17/24 $0.73 $0.72 $0.72 $65.00 $177.0K 24.3K 3.2K
BABA PUT TRADE BEARISH 07/19/24 $15.7 $15.45 $15.7 $85.00 $78.5K 2.4K 50

About Alibaba Gr Holding

Alibaba 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. 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 Holding, we pivot to a closer look at the company's own performance.

Alibaba Gr Holding's Current Market Status

  • Trading volume stands at 4,524,701, with BABA's price up by 1.58%, positioned at $70.16.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 24 days.

What The Experts Say On Alibaba Gr Holding

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $104.4.

  • An analyst from JP Morgan persists with their Overweight rating on Alibaba Gr Holding, maintaining a target price of $100.
  • An analyst from Benchmark downgraded its action to Buy with a price target of $118.
  • An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Alibaba Gr Holding, which currently sits at a price target of $85.
  • Consistent in their evaluation, an analyst from Mizuho keeps a Buy rating on Alibaba Gr Holding with a target price of $95.
  • An analyst from Citigroup persists with their Buy rating on Alibaba Gr Holding, maintaining a target price of $124.

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 want to stay updated on the latest options trades for Alibaba Gr Holding, Benzinga Pro gives you real-time options trades alerts.

Posted In: BABA

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