This unusual options alert can help traders track potentially big trading opportunities. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Unusual trading activity could push option prices to hyperbolic or underperforming levels.
Last week, Reuters reported that Airbnb (NASDAQ: ABNB) has offered to provide free, temporary housing to 20,000 Afghan refugees across the globe, helping its shares close up 10% after the announcement.
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
News of the Taliban seizing control of Afghanistan dominated the news cycle last week. President Joe Biden has stuck by the plan to withdraw U.S. troops from the Middle Eastern country, despite fears that the Taliban will implement a regime ruled by terror.
Shares of several companies in the hotel, restaurant and leisure space, including Airbnb Inc (NASDAQ: ABNB) are trading higher following FDA approval of the Pfizer-BioNTech COVID-19 vaccine, which has lifted reopening names.
Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bullish stance on Airbnb.
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.
Vacation rental site Airbnb Inc (NASDAQ: ABNB) has helped people around the world with temporary stays during times of crisis through its non-profit arm. The company announced Tuesday it will help with the effort to aid Afghan refugees.
Veteran trader David Green was back live trading on Benzinga Tuesday morning, and the long-time trader made some trades in some big-name stocks such as Alibaba Group Holding Inc (NYSE: BABA), Moderna Inc