This Is What Whales Are Betting On Spotify Technology
Portfolio Pulse from Benzinga Insights
A large bearish position on Spotify Technology (NYSE: SPOT) has been observed, with 14 uncommon options trades spotted. The overall sentiment of these big-money traders is split between 42% bullish and 57% bearish. Whales have been targeting a price range from $95.0 to $200.0 for Spotify over the last 3 months.
May 18, 2023 | 8:32 pm
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A large bearish position has been observed in Spotify Technology (NYSE: SPOT), with 14 uncommon options trades spotted. The overall sentiment of these big-money traders is split between 42% bullish and 57% bearish.
The large bearish position observed in Spotify Technology indicates that big-money traders are expecting the stock price to go down in the short term. This could be due to various factors such as market sentiment, technical indicators, or potential news. The fact that 57% of the big-money traders are bearish suggests that there is a higher probability of the stock price going down in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100