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.