Activision Blizzard Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Activision Blizzard (NASDAQ:ATVI), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades, with 60% being bearish and 40% bullish. Whales have been targeting a price range of $75 to $100 for ATVI over the last 3 months.
May 23, 2023 | 5:31 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Activision Blizzard (NASDAQ:ATVI) with unusual options activity. 60% of the trades are bearish, while 40% are bullish.
The unusual options activity indicates that a large investor is taking a bearish stance on Activision Blizzard. This could potentially impact the stock price in the short term as it suggests that someone with significant capital believes the stock price may go down. The 60% bearish sentiment outweighs the 40% bullish sentiment, leading to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100