Alibaba Group Holding Unusual Options Activity

Alibaba Group Holding Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Alibaba Group Holding (NYSE:BABA).

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.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with BABA, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 25 uncommon options trades for Alibaba Group Holding.

This isn't normal.

The overall sentiment of these big-money traders is split between 56% bullish and 44%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $514,238, and 20 are calls, for a total amount of $4,928,119.

What's The Price Target?

Taking into account the Volume and …

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