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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 45% of investors entered with bullish expectations and 54% with bearish expectations.
Of the total trades spotted, 4 were puts with a total value of $254,660 and 7 were calls with a total value of $270,740.
What is your target price?
Considering the volume and open interest of these deals, the whales appear to be targeting the $95.0 to $180.0 price range for Spotify technology over the past three months.
Changes in turnover and open interest
Looking at volume and open interest is an insightful way to conduct equity due diligence.
This data helps us track the liquidity and interest in options on the Spotify technology for a particular strike price.
Below you can observe the evolution of call and put volumes and open interest, respectively, for all Spotify technology whale activity within the strike price range of $95.0 to $180.0 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 | put | trade | strong | 07/21/23 | $135.00 | $79.5K | 293 | 53 |
| spot | phone | trade | bearish | 24/01/19 | $160.00 | $70.5K | 647 | 50 |
| spot | put | sweep | strong | 24/01/19 | $95.00 | $65.0K | 652 | 100 |
| spot | put | trade | bearish | 07/21/23 | $135.00 | $62.1K | 293 | 53 |
| spot | put | trade | bearish | 25/01/17 | $140.00 | $48.0K | 20 | 15 |
| symbol | put/call | transaction type | emotions | EXP date | strike price | total transaction price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| spot | put | trade | strong | 07/21/23 | $135.00 | $79.5K | 293 | 53 |
| spot | phone | trade | bearish | 24/01/19 | $160.00 | $70.5K | 647 | 50 |
| spot | put | sweep | strong | 24/01/19 | $95.00 | $65.0K | 652 | 100 |
| spot | put | trade | bearish | 07/21/23 | $135.00 | $62.1K | 293 | 53 |
| spot | put | trade | bearish | 25/01/17 | $140.00 | $48.0K | 20 | 15 |
Where Does Spotify Technology Stand Now?
- With a volume of 402,033, the SPOT price is up 3.26% to $132.38.
- The RSI indicator suggests that the underlying asset is currently neutral between overbought and oversold.
- The next earnings will be released within 34 days.
Expert opinion on Spotify technology:
- Guggenheim upgrades action to buy with $155 price target
Options are a riskier asset compared to trading stocks, but have higher profit potential. Serious Options His traders manage this risk by educating themselves daily, scaling in and out trades, following multiple indicators, and closely following the market.
If you want to stay up to date with the latest options trading from Spotify Technology, Benzinga Pro provides real-time options trading alerts.
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