Investors with significant funds have taken a bearish stance on Spotify Technology, as indicated by unusual options trading activity. Benzinga’s options scanner identified 19 unique trades for Spotify Technology, with a split sentiment between bullish and bearish investors. The significant investors are targeting a price range of $380.0 to $860.0 for Spotify Technology. Analysis of volume and open interest reveals insights into the stock’s liquidity and interest for various strike prices. The leading global music streaming service has over 600 million monthly active users and 250 million paying subscribers, generating revenue primarily from subscriptions. Despite a recent price increase and potential overbought signals, expert opinions suggest positive outlooks for Spotify Technology, with average price targets ranging from $600 to $700. Options trading carries higher risk but also offers higher profit potential, with strategies to manage risk including education, scaling trades, using multiple indicators, and staying informed on market trends. Benzinga Pro provides real-time alerts on options trades for Spotify Technology to stay informed. As market conditions evolve, investors can make informed decisions about their investments in Spotify Technology.
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