ABNB options premium hits $6.3 million, 96% calls, gap test returns

GTA Terminal recorded $6.3 million in ABNB options premium by 12:44 p.m. ET on Nov. 11. Calls accounted for $6.1 million and puts for $246,000, giving calls 96% of the traded premium.

GTA Terminal's midday chart showed BATS:ABNB, Airbnb, Inc. Class A, near $182 after logging a second down day in a row. Shares traded about 8% below the $197.87 52-week high they reached Nov. 9, inside the Nov. 6 gap of $177.49 to $184.05.

GTA Terminal's chart put ABNB's low so far at $178.80. The $177.49 gap-fill support, equal to the Nov. 5 high, remained below that intraday low.

GTA Terminal's daily technicals showed ABNB above its 20-day simple moving average at $174.62. It was also above the 50-day average at $169.15, the 100-day at $164.80 and the 200-day at $148.59. The chart described those averages as stacked in an uptrend.

The 14-day relative strength index stood at 57.5, which GTA Terminal described as cooled from the run. Trading volume was light at 0.64 times the 20-day average, according to the chart.

GTA Terminal's options snapshot showed calls supplied almost all premium: $6.1 million of the $6.3 million total, against $246,000 in puts. It also listed a put/call volume ratio of 0.72, giving traders a separate read on contract activity alongside the 96% premium split.

Off-exchange share, the chart's dark-pool measure, reached 43.4% on Nov. 10. GTA Terminal's series showed 37.5% on Nov. 9, 38.0% on Nov. 6, 27.7% on Nov. 5 and 35.2% on Nov. 4. Its period average was 36%, putting Nov. 10 at 7.4 percentage points above the benchmark and the highest of the five readings.

What does this change for ABNB traders?

The 96% call share made the gap's top the immediate test, but GTA Terminal still required price confirmation. Its first resistance was $184.05, the top of the Nov. 6 gap. At roughly $182 at midday, shares sat between that resistance and $177.49 support.

GTA Terminal said a move back above $184.05 "with call money still building" would "confirm the read" and put $197.87 back in play. That condition matters because the 96% call figure alone did not settle the direction. A reclaim of the gap top would restore the high as the next reference level.

The downside test had two conditions. GTA Terminal's invalidation called for a full gap fill under $177.49 and a close below the 20-day simple moving average at $174.62. In practical terms, traders had to watch both the gap floor and the trend benchmark before treating the bullish setup as broken.

For traders following the setup, the distinction is simple: $184.05 confirms, while $174.62 fails once $177.49 also breaks. The $197.87 level remained both the 52-week high and resistance. Price, not the call percentage, decided which scenario GTA Terminal's chart treated as valid.

The latest dark-pool reading added context to the options signal. Off-exchange share stood at 43.4% on Nov. 10, the highest in GTA Terminal's five-session series and 7.4 percentage points above its 36% period average. Within that series, the measure ranged from 27.7% on Nov. 5 to 43.4% on Nov. 10.

For the next trading session, GTA Terminal's map was binary. Reclaiming $184.05 with continued call buying would return $197.87 to play; a full gap fill under $177.49 and a close below $174.62 would invalidate the setup. The publisher cautioned: "Not financial advice."