Check Out What Whales Are Doing With TEAM - Atlassian Corp (NASDAQ:TEAM)

[ad_1]

Someone with a lot of money to spend has taken a bullish stance on Atlassian Corp TEAM.

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 TEAM, 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 10 uncommon options trades for Atlassian Corp.

This isn’t normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $384,830, and 7 are calls, for a total amount of $1,513,735.

What’s The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $165.0 to $320.0 for Atlassian Corp over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Atlassian Corp’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Atlassian Corp’s whale trades within a strike price range from $165.0 to $320.0 in the last 30 days.

Atlassian Corp Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:









Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TEAM CALL TRADE BULLISH 03/17/23 $250.00 $1.1M 8 6
TEAM PUT TRADE BEARISH 01/17/25 $165.00 $315.0K 88 88
TEAM CALL TRADE BULLISH 01/17/25 $320.00 $153.7K 0 31
TEAM CALL TRADE BULLISH 01/19/24 $320.00 $76.5K 27 30
TEAM CALL TRADE BEARISH 03/17/23 $250.00 $57.1K 8 439









Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TEAM CALL TRADE BULLISH 03/17/23 $250.00 $1.1M 8 6
TEAM PUT TRADE BEARISH 01/17/25 $165.00 $315.0K 88 88
TEAM CALL TRADE BULLISH 01/17/25 $320.00 $153.7K 0 31
TEAM CALL TRADE BULLISH 01/19/24 $320.00 $76.5K 27 30
TEAM CALL TRADE BEARISH 03/17/23 $250.00 $57.1K 8 439

Where Is Atlassian Corp Standing Right Now?

  • With a volume of 884,081, the price of TEAM is down -4.22% at $222.5.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 35 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Atlassian Corp, Benzinga Pro gives you real-time options trades alerts.

[ad_2]

Image and article originally from www.benzinga.com. Read the original article here.