Alibaba Group (NYSE:BABA) Shares Rise 2% on Analyst Upgrade
Oct 25, 2024
Unusual Options Activity for Alibaba Group Holdings (NYSE:BABA) on October 28
Market activity indicates a significant bullish sentiment surrounding Alibaba Group Holdings, as evidenced by unusual options trading. Our review of the options activity reveals that there were 64 notable trades in total.
Breaking it down, we found that 43% of traders are positioning themselves with a bullish outlook, while another 43% have shown bearish tendencies. Among the observed trades, 10 were put options worth $1,269,874, and 54 were call options amounting to $2,711,417.
Expected Price Movements
Based on the current trading trends, major investors are targeting a price range of $70.00 to $170.00 for Alibaba Group Holdings over the past three months.
Insights into Volume & Open Interest
Looking at the liquidity metrics, the average open interest for options trades related to Alibaba Group Holdings today stands at 4689.34, with a total trading volume reaching 57,162.00.
The chart below illustrates the evolution of volume and open interest for both call and put options related to Alibaba Group Holdings's high-stakes trades within the strike price bracket of $70.00 to $170.00 over the past 30 days.
Alibaba Group Holdings Option Volume and Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BABA | PUT | SWEEP | BEARISH | 03/21/25 | $40.05 | $39.85 | $40.05 | $140.00 | $276.3K | 208 | 0 |
| BABA | CALL | TRADE | BULLISH | 11/08/24 | $4.05 | $4.05 | $4.05 | $99.00 | $181.8K | 234 | 492 |
| BABA | CALL | SWEEP | BEARISH | 12/19/25 | $17.8 | $17.5 | $17.5 | $100.00 | $175.1K | 793 | 125 |
| BABA | CALL | SWEEP | BULLISH | 11/22/24 | $1.57 | $1.51 | $1.57 | $115.00 | $157.0K | 932 | 1.0K |
| BABA | CALL | SWEEP | BULLISH | 11/15/24 | $11.95 | $11.8 | $11.95 | $90.00 | $119.5K | 8.8K | 250 |
About Alibaba Group Holdings
Alibaba Group is recognized as the world's largest company in terms of online and mobile commerce, measured by gross merchandise volume. The company operates key online marketplaces in China, including Taobao, which caters to consumer-to-consumer sales, and Tmall, focused on business-to-consumer transactions. The retail division of China's commerce remains Alibaba's most lucrative business, contributing significantly to cash flows. Other revenue streams include international wholesale and retail commerce, local consumer services, cloud computing, as well as digital media and entertainment platforms, logistics services through Cainiao, and various innovation initiatives.
Following our examination of the options activity related to Alibaba Group, it's also valuable to consider the overall performance of the company.
Current Position of Alibaba Group Holdings
- With a trading volume recorded at 12,060,229, the stock price of BABA has increased by 3.04%, reaching $100.38.
- Current Relative Strength Index (RSI) values suggest that the stock may be approaching an oversold condition.
- The upcoming earnings report is anticipated in 17 days.
Unusual Options Activity Detected: Smart Money on the Move
Active options trading can carry heightened risks along with potential rewards. Seasoned traders effectively manage these risks through continuous education, adaptable strategies, and keen observation of market signals. For real-time updates on significant options trades related to Alibaba Group Holdings, investors can benefit from live alerts.
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Alibaba, Options, Trading