Looking At Moderna's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bullish position on Moderna (NASDAQ:MRNA) has been spotted in the options market, with 11 unusual options trades identified. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $65.0 to $200.0 for Moderna over the last 3 months.
May 18, 2023 | 7:46 pm
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A large bullish position has been spotted in Moderna's options market, with 11 unusual trades identified. The overall sentiment of big-money traders is split between 54% bullish and 45% bearish.
The large bullish position in Moderna's options market indicates that someone with significant capital believes the stock price will rise in the short term. This could lead to increased buying pressure and a potential short-term increase in the stock price. The overall sentiment of big-money traders being split between bullish and bearish also adds to the uncertainty, but the fact that a large position has been taken suggests that there is some confidence in the bullish stance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100