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Looking At Atlassian Corporation’s Recent Whale Trades

Investments

Looking At Atlassian Corporation’s Recent Whale Trades

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Someone with a lot of money to spend has taken a bullish stance on Atlassian Corporation 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 24 uncommon options trades for Atlassian Corporation.

This isn’t normal.

The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.

Out of all of the special options we uncovered, 16 are puts, for a total amount of $3,163,348, and 8 are calls, for a total amount of $426,007.

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 $140.0 to $300.0 for Atlassian Corporation 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 Corporation’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 Corporation’s whale trades within a strike price range from $140.0 to $300.0 in the last 30…

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