Spotify Technology Unusual Options Activity For May 19
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Spotify Technology (NYSE:SPOT), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 17 uncommon options trades, with 35% bullish and 64% bearish sentiment. The targeted price range for SPOT over the last 3 months is $85.0 to $200.0.
May 19, 2023 | 7:46 pm
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A large investor has taken a bearish stance on Spotify Technology (NYSE:SPOT) with unusual options activity. The targeted price range for SPOT over the last 3 months is $85.0 to $200.0.
The unusual options activity, with a majority bearish sentiment, indicates that a large investor is expecting a potential decline in Spotify's stock price. This could lead to increased selling pressure and a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100