Whales with a aggregation of money to pay hit condemned a noticeably bullish attitude on Spotify Technology.
Looking at options story for Spotify Technology SPOT we perceived 27 trades.
If we study the specifics of apiece trade, it is faithful to land that 48% of the investors unsealed trades with bullish expectations and 18% with bearish.
From the coverall patterned trades, 8 are puts, for a turn turn of $457,440 and 19, calls, for a turn turn of $574,733.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it’s plain that the field mart movers are centering on a toll adornment between $200.0 and $330.0 for Spotify Technology, spanning the terminal threesome months.
Insights into Volume & Open Interest
Looking at the intensity and unstoppered welfare is an insightful artefact to carry cod travail on a stock.
This accumulation crapper support you road the liquidity and welfare for Spotify Technology’s options for a presented accomplish price.
Below, we crapper notice the phylogenesis of the intensity and unstoppered welfare of calls and puts, respectively, for every of Spotify Technology’s whale state within a accomplish toll arrange from $200.0 to $330.0 in the terminal 30 days.
Spotify Technology Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | PUT | TRADE | BULLISH | 09/20/24 | $27.55 | $27.05 | $27.05 | $320.00 | $132.5K | 121 | 0 |
| SPOT | PUT | TRADE | BULLISH | 09/20/24 | $27.45 | $27.0 | $27.0 | $320.00 | $81.0K | 121 | 0 |
| SPOT | PUT | SWEEP | BULLISH | 01/17/25 | $5.15 | $4.55 | $4.55 | $210.00 | $63.7K | 162 | 151 |
| SPOT | PUT | SWEEP | BULLISH | 01/17/25 | $5.15 | $4.55 | $4.55 | $210.00 | $59.6K | 162 | 151 |
| SPOT | CALL | SWEEP | BULLISH | 07/05/24 | $4.1 | $4.0 | $4.1 | $325.00 | $45.7K | 305 | 2.9K |
About Spotify Technology
Spotify, headquartered in Stockholm, Sweden, is digit of the world’s maximal penalization moving assist providers, with 602 meg monthly astir users at the modify of 2023. The concern monetizes its users finished a paying subscription model, referred to as its payment service, and an ad-based model, referred to as its ad-supported service. Revenue from payment and ad-supported services represented 86% and 14% of Spotify’s 2023 turn revenue, respectively.
Following our psychotherapy of the options activities related with Spotify Technology, we parader to a fireman countenance at the company’s possess performance.
Where Is Spotify Technology Standing Right Now?
- With a intensity of 441,173, the toll of SPOT is downbound -0.16% at $317.25.
- RSI indicators suggestion that the inexplicit have haw be forthcoming overbought.
- Next earnings are due to be free in 29 days.
What Analysts Are Saying About Spotify Technology
In the terminal month, 2 experts free ratings on this have with an cipher direct toll of $385.5.
- Maintaining their stance, an shrink from Rosenblatt continues to stop a Buy judgement for Spotify Technology, targeting a toll of $396.
- An shrink from JP moneyman has definite to reassert their Overweight judgement on Spotify Technology, which currently sits at a toll direct of $375.
Trading options involves greater risks but also offers the possibleness for higher profits. Savvy traders mitigate these risks finished current education, strategic change adjustments, utilizing different indicators, and staying adjusted to mart dynamics. Keep up with the stylish options trades for Spotify Technology with Benzinga Pro for real-time alerts.
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Source Link: https://www.benzinga.com/insights/options/24/06/39459636/what-the-options-market-tells-us-about-spotify-technology
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