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people with lots of money to spend took a bearish stance on Spotify technology spot.
And retail traders should know.
We noticed this today when a large position appeared in the public options history we track here at Benzinga.
I don’t know if this is an organization or just wealthy individuals. But when something this big happens in SPOT, it often means someone knows something is about to happen.
So how do we know what this whale did?
Today, Benzinga’s options scanner uncovered 14 unusual options trades on Spotify technology.
This is not normal.
Overall sentiment among these large traders is split between 35% bullish and 64% bearish.
Of all the special options we have revealed, eight are puts totaling $2,049,370 and six are calls totaling $326,570.
What is the target price?
Given the volume and open interest of these deals, it appears that over the past three months, whales have been pricing Spotify technology in the $95.0 to $144.0 range.
Changes in turnover and open interest
Looking at volume and open interest is an insightful way to conduct stock due diligence.
This data helps track the liquidity and interest in options on the Spotify technology for specific strike prices.
Below you can observe the development of call and put volume and open interest, respectively, for all Spotify Technology’s whale activity within the strike price range of $95.0 to $144.0 over the past 30 days.
Spotify technology options volume and open interest over the last 30 days
Biggest option found:
| symbol | put/call | transaction type | emotions | EXP date | strike price | total transaction price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| spot | put | trade | strong | 01/19/24 | $140.00 | $675.9K | 992 | 400 |
| spot | put | trade | neutral | 12/19/25 | $130.00 | $660.0K | 0 | 250 |
| spot | put | sweep | bearish | 2023/07/21 | $125.00 | $231.0 thousand | 608 | 26 |
| spot | put | sweep | strong | 01/17/25 | $125.00 | $194.9 thousand | 1.1K | 101 |
| spot | put | sweep | bearish | 01/17/25 | $115.00 | $156.0 thousand | 265 | 100 |
What is the current state of Spotify technology?
- With a volume of 653,698, the SPOT price drops -3.86% to $141.39.
- The RSI indicator suggests that the underlying stock may be approaching overbought.
- The company’s next earnings report is expected to be announced within 75 days.
What the experts say about Spotify technology:
- Canaccord Genuity has decided to maintain its Buy rating on Spotify technology, with a price target currently set at $170.
- Loop Capital has decided to maintain its hold rating on Spotify technology, with a price target currently set at $130.
- Deutsche Bank has decided to maintain its hold rating on Spotify technology, with a price target currently set at $135.
- Guggenheim has decided to maintain its “buy” rating on the Spotify technology, with a target price currently set at $165.
- Keybanc has decided to maintain its Overweight rating on Spotify Technology, with a price target currently set at $160.
Options are a riskier asset than just trading stocks, but have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following multiple indicators, and watching the market closely.
If you want to stay up to date with the latest options trading on Spotify technology, Benzinga Pro offers real-time options trading alerts.
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