Looking At Atlassian's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Atlassian (NASDAQ: TEAM), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 17 uncommon options trades, with 88% being bearish and 11% bullish. The price of TEAM is down 1.6% at $145.71.
May 19, 2023 | 4:31 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Atlassian (NASDAQ: TEAM) with unusual options activity. 88% of the trades are bearish, and 11% are bullish. The stock price is down 1.6% at $145.71.
The unusual options activity indicates that a large investor is taking a bearish stance on Atlassian, which could lead to a short-term negative impact on the stock price. The fact that 88% of the trades are bearish and the stock price is already down 1.6% supports this analysis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100