Airbnb Stock Pops on S&P 500 Inclusion

The stock will join the S&P 500 later this month

Deputy Editor
Sep 5, 2023 at 2:46 PM
facebook X logo linkedin

Airbnb Inc (NASDAQ:ABNB) is up 8% at $143.37 at last glance, after news that the stock will join the S&P 500 Index (SPX) later this month. On track for its sixth day of gains in the last seven, today's pop has ABNB back above its 60-day moving average, with recent support at its 150-day trendline as well. Year-to-date, the equity is up 67.7%. 


In the options pits so far today, 75,000 calls and 43,000 puts have been exchanged, which is already 2.8 times the average daily options volume. The weekly 9/8 145-strike call is the most popular, with new positions opening there. 

This preference for calls is a shift from the past 10 weeks. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), ABNB's 50-day put/call volume ratio of 1.24 ranks in the 98th percentile of its annual range. 

That said, options are well-priced at the moment. The stock's Schaeffer's Volatility Index (SVI) of 31% stands ranks in the lowest percentile of its annual range, implying that options players are pricing in low volatility expectations at the moment.  


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI