100s of titles, one news app for just $10 a month.
Latest Business news:
Asian stocks up after Wall Street dip on China's Covid-bruised data
Hong Kong (AFP) - Asian stocks rose Tuesday despite a lukewarm lead from Wall Street after weak Chinese economic data…
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Musk: Twitter deal at lower price "not out of the question"
Musk has continued to express skepticism about the company's estimate of spam and fake accounts.
Netflix toys with live TV as sales slump
Would pouring more money into original content do anything to help Netflix's profits?
Michael 'Big Short' Burry Shorts Apple
Hedge fund investor Michael Burry bets against Apple.
Once a powerful symbol in Russia, McDonald's withdraws
Two months after the Berlin Wall fell, another powerful symbol opened its doors in the middle of Moscow: a gleaming…
From analysis to good news, read the world’s best news in one place
U.S. backs U.N. push to get Ukraine grain back to global market
The United States supports efforts by U.N. Secretary-General Antonio Guterres to get Ukrainian grain back into the international marketplace amid…
ASX rises despite economic worries, Wall Street struggles on recession risk
Mining and energy companies propped up the Australian share market on Tuesday, though worries about a global economic slowdown and…

Alibaba Group Holding Whale Trades Spotted

By Benzinga Insights

Someone with a lot of money to spend has taken a bearish stance on Alibaba Group Holding (NYSE:BABA).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with BABA, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 47 uncommon options trades for Alibaba Group Holding.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.

Out of all of the special options we uncovered, 27 are puts, for a total amount of $1,620,329, and 20 are calls, for a total amount of $1,753,940.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $200.0 for Alibaba Group Holding over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Alibaba Group Holding's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Alibaba Group Holding's whale activity within a strike price range from $60.0 to $200.0 in the last 30 days.

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

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
BABA CALL TRADE BULLISH 09/16/22 $95.00 $236.0K 3.4K 235
BABA PUT TRADE BEARISH 09/16/22 $110.00 $216.6K 6.4K 81
BABA CALL TRADE BULLISH 06/17/22 $100.00 $214.1K 12.2K 1.2K
BABA CALL SWEEP BULLISH 05/20/22 $102.00 $188.5K 5.6K 4.4K
BABA CALL SWEEP BEARISH 05/20/22 $95.00 $182.6K 10.5K 3.7K

Where Is Alibaba Group Holding Standing Right Now?

  • With a volume of 15,300,354, the price of BABA is down -5.26% at $89.67.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 14 days.

What The Experts Say On Alibaba Group Holding:

  • Mizuho has decided to maintain their Buy rating on Alibaba Group Holding, which currently sits at a price target of $160.
  • HSBC has decided to maintain their Buy rating on Alibaba Group Holding, which currently sits at a price target of $156.
  • UBS has decided to maintain their Buy rating on Alibaba Group Holding, which currently sits at a price target of $140.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.