Block Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Block (NYSE:SQ) has been spotted, with 75% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $32.5 to $160.0 for Block over the last 3 months. The stock is currently up 2.35% at $59.12.
May 18, 2023 | 5:31 pm
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A large bearish position on Block (NYSE:SQ) has been spotted, with 75% of big-money traders showing bearish sentiment. The stock is currently up 2.35% at $59.12.
The large bearish position on Block indicates that big-money traders expect the stock price to go down in the short term. With 75% of these traders showing bearish sentiment, it is likely that the stock price will be negatively impacted. The current stock price is up 2.35% at $59.12, but this may change as the bearish sentiment takes effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100