Airbnb (ABNB) stock is rising, as we wrote in a recent Barchart article. Today, out-of-the-money unusual put options activity is 30 times normal for one out-of-the-money strike price, as seen in Barchart's Unusual Stock Options Activity Report. This could be from bullish ABNB stock traders who are shorting OTM puts for income.
In midday trading on Wednesday, July 26, 2023, ABNB stock is at $148.01 per share. But the Barchart report mentioned above shows that for the Aug. 11 expiration period, over 3,000 put contracts have been trading at the $140.00 strike price today. This amount of volume is almost 30 times its outstanding contracts prior to today's put volume.
