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Whale trade spotted in Spotify tech

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Whales with lots of money take a noticeably bearish stance Spotify technology.

View Spotify technology option history spot Detected 11 strange transactions.

Considering the details of each trade, we can accurately say that 27% of investors entered with bullish expectations and 72% with bearish expectations.

Of the total trades spotted, 5 were puts with a total value of $256,370 and 6 were calls with a total value of $466,534.

What is your target price?

Considering the volume and open interest of these deals, the whales appear to be targeting the $115.0 to $125.0 price range for Spotify technology over the past three months.

Changes in turnover and open interest

In terms of liquidity and interest rates, the average open interest of Spotify technology options trading today is 223.0 and the total volume is 1,222.00.

The following charts track the volume and open interest of Spotify Technology block call and put options within the strike price range of $115.0 to $125.0 over the past 30 days.

Spotify technology options volume and open interest over the last 30 days

Biggest option discovered:

symbol put/call transaction type emotions EXP date strike price total transaction price open interest Volume
spot phone trade bearish 08/19/22 $115.00 $179.1K 542 83
spot phone trade strong 08/19/22 $115.00 $80.5K 542 78
spot phone sweep strong 09/09/22 $125.00 $69.0K 3 100
spot put trade neutral 23/01/20 $125.00 $58.1K 161 102
spot put trade bearish 23/01/20 $125.00 $56.7K 161 68

Where Does Spotify Technology Stand Now?

  • With a volume of 1,000,789, the SPOT price is up 1.41% to $121.78.
  • The RSI indicator suggests that the underlying asset may be approaching overbought.
  • The next earnings will be announced in 76 days.

Expert opinion on Spotify technology:

  • UBS has decided to maintain its Neutral rating on Spotify technology, which is currently set at a target price of $142.
  • Keybanc has decided to maintain Spotify Technology’s Overweight rating, which is currently set at a $146 price target.
  • Citigroup has decided to maintain a Buy rating on Spotify Technology, which is currently set at a $145 price target.
  • Keybanc has decided to maintain Spotify Technology’s Overweight rating, which is currently set at a $148 target price.
  • Rosenblatt has decided to maintain a neutral rating on Spotify Technology, which is currently set at a target price of $118.

Options are a riskier asset compared to trading stocks, but have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling their trades in and out, following multiple indicators, and following the market closely.

If you want to stay up to date on the latest options trading from Spotify Technology, Benzinga Pro provides real-time options trading alerts.