Deep-pocketed investors have adopted a bearish approach towards Spotify Technology (NYSE:SPOT), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SPOT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 23 extraordinary options activities for Spotify Technology. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 17% leaning bullish and 56% bearish. Among these notable options, 15 are puts, totaling $896,107, and 8 are calls, amounting to $392,838.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $390.0 to $700.0 for Spotify Technology during the past quarter.
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Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Spotify Technology options trades today is 183.44 with a total volume of 294.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Spotify Technology’s big money trades within a strike price range of $390.0 to $700.0 over the last 30 days.
Spotify Technology Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
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| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPOT | PUT | TRADE | BEARISH | 02/20/26 | $247.0 | $242.2 | $247.0 | $700.00 | $247.0K | 50 | 20 |
| SPOT | PUT | TRADE | BEARISH | 02/20/26 | $127.0 | $123.0 | $127.0 | $580.00 | $127.0K | 182 | 10 |
| SPOT | PUT | SWEEP | BEARISH | 02/20/26 | $129.0 | $124.4 | $129.0 | $580.00 | $90.3K | 182 | 30 |
| SPOT | CALL | SWEEP | BULLISH | 06/18/26 | $41.15 | $39.8 | $40.25 | $480.00 | $76.4K | 213 | 19 |
| SPOT | CALL | TRADE | BEARISH | 03/20/26 | $72.3 | $69.65 | $69.65 | $400.00 | $69.6K | 17 | 10 |
About Spotify Technology
Spotify is the leading global music streaming service provider, with over 700 million monthly active users and 280 million paying subscribers, with the latter constituting the firm’s premium segment. Most of the firm’s revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
After a thorough review of the options trading surrounding Spotify Technology, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Spotify Technology
- With a volume of 433,480, the price of SPOT is down -3.78% at $456.07.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 6 days.
What The Experts Say On Spotify Technology
5 market experts have recently issued ratings for this stock, with a consensus target price of $732.0.
- An analyst from Benchmark has decided to maintain their Buy rating on Spotify Technology, which currently sits at a price target of $760.
- Maintaining their stance, an analyst from Guggenheim continues to hold a Buy rating for Spotify Technology, targeting a price of $750.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Spotify Technology with a target price of $800.
- Showing optimism, an analyst from Goldman Sachs upgrades its rating to Buy with a revised price target of $700.
- An analyst from Bernstein persists with their Outperform rating on Spotify Technology, maintaining a target price of $650.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
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