Deep-pocketed investors have shown a bullish approach towards Spotify Technology, with significant options activity indicating a potential big move on the horizon. Benzinga’s options scanner uncovered 49 extraordinary options activities involving Spotify, with a notable focus on calls over puts. These investors have targeted a price range of $360.0 to $840.0 for Spotify over the last three months.
The mean open interest for Spotify options trades is 249.69 with a total volume of 3,673.00, indicating significant interest and liquidity in the market. This options activity has been tracked over the last 30 days, giving insight into the sentiment and trades being made by big money investors.
Spotify Technology is a leading global music streaming service provider with millions of active users and paying subscribers. The stock is currently trading at $621.54 with an RSI indicating possible overbought conditions. Analysts have issued varying ratings for the stock, with price targets ranging from $520 to $700.
These unusual options activities suggest that smart money is on the move with Spotify, and traders can benefit from staying informed and alert to potential market movements. While trading options involves risks, savvy traders can mitigate these risks through ongoing education and strategic trade adjustments. Stay updated on the latest options trades for Spotify Technology with Benzinga Pro for real-time alerts.
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