Alphabet Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Alphabet (NASDAQ:GOOGL), with 64% of detected unusual options trades being bearish. Whales have been targeting a price range of $90 to $130 for Alphabet over the last 3 months. The stock is currently up 2.31% at $125.6, with RSI indicators suggesting it may be overbought.
May 22, 2023 | 2:08 pm
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Alphabet has seen unusual options activity, with a majority of 64% bearish trades. The stock is up 2.31% at $125.6, and RSI indicators suggest it may be overbought.
The article highlights a majority of bearish unusual options trades for Alphabet, indicating that some investors are expecting the stock price to decline. Additionally, RSI indicators suggest that the stock may be overbought, which could lead to a short-term price correction. This information is relevant and important for investors in Alphabet, as it may impact the stock's short-term price direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100