A whale with a lot of money to spend has taken a noticeably bearish stance on Alibaba Group Holding.
Looking at options history for Alibaba Group Holding BABA we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $868,721 and 9, calls, for a total amount of $483,995.
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 $70.0 to $150.0 for Alibaba Group Holding over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Alibaba Group Holding options trades today is 4437.33 with a total volume of 3,007.00.
In the following chart, we…