Unpacking the Latest Options Trading Trends in KE Holdings – KE Holdings (NYSE:BEKE)
April 29, 2024 2:01 PM | 2 min read |
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High-rolling investors have positioned themselves bearish on KE Holdings (NYSE:BEKE), and it’s important for retail traders to take note.\This activity came to our attention today through Benzinga’s tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BEKE often signals that someone has privileged information.
Today, Benzinga’s options scanner spotted 13 options trades for KE Holdings. This is not a typical pattern.
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The sentiment among these major traders is split, with 46% bullish and 53% bearish. Among all the options we identified, there was one put, amounting to $27,000, and 12 calls, totaling $2,503,637.
What’s The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $14.85 to $22.35 for KE Holdings during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for KE Holdings’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across KE Holdings’s significant trades, within a strike price range of $14.85 to $22.35, over the past month.
KE Holdings Option Activity Analysis: Last 30 Days
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Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BEKE | CALL | TRADE | BEARISH | 01/17/25 | $1.3 | $1.21 | $1.24 | $19.85 | $1.2M | 2.8K | 10.0K |
| BEKE | CALL | TRADE | BEARISH | 01/17/25 | $1.3 | $1.21 | $1.24 | $19.85 | $868.0K | 2.8K | 17.0K |
| BEKE | CALL | TRADE | BEARISH | 06/21/24 | $1.3 | $1.28 | $1.28 | $14.85 | $64.0K | 22.5K | 38 |
| BEKE | CALL | TRADE | BULLISH | 11/15/24 | $0.93 | $0.75 | $0.93 | $20.00 | $57.1K | 7.9K | 768 |
| BEKE | CALL | SWEEP | BULLISH | 01/17/25 | $0.81 | $0.79 | $0.8 | $22.35 | $44.8K | 1.1K | 0 |
About KE Holdings
KE Holdings, or Beike, is a large residential real estate sales and rental brokerage company in China. Founded in 2001, the company operates through self-owned Lianjia stores in Beijing and Shanghai and connected third-party agencies including franchise brand Deyou in other cities, with commissions charged on existing home and new home transactions. Leveraging an online-offline hybrid model, Beike also attract clients through its namesake online marketplace. The company tapped into home renovation services by acquiring Shengdu Home Decoration in 2022. As at the end of 2023, Beike’s cofounders collectively control the company, while Tencent and its affiliates share 8% of voting power.
After a thorough review of the options trading surrounding KE Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of KE Holdings
- With a trading volume of 15,624,923, the price of BEKE is up by 4.01%, reaching $15.43.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 17 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for KE Holdings with Benzinga Pro for real-time alerts.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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