Unusual Options Activity Insight: Sonos
Portfolio Pulse from Benzinga Insights
Sonos (NASDAQ:SONO) experienced unusual options activity with a bearish sentiment, leading to a stock price drop to $35.42. The activity involved a high volume of call options with a strike price of $45.00 and an expiration date of January 21, 2022.
May 10, 2021 | 3:36 pm
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Sonos experienced unusual bearish options activity, leading to a stock price decrease to $35.42. The activity involved a high volume of call options with a $45 strike price, indicating potential bearish sentiment.
The unusual options activity with a bearish sentiment suggests that investors expect the stock price to decrease further. The high volume of call options with a strike price significantly above the current stock price indicates that the market sentiment is bearish, leading to a short-term negative impact on Sonos' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100