Looking At Alphabet's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Alphabet (NASDAQ:GOOGL), with 10 uncommon trades spotted, split between 50% bullish and 50% bearish. Whales have been targeting a price range of $45.0 to $125.0 for Alphabet over the last 3 months. Analysts have mixed ratings on the stock.
May 31, 2023 | 2:04 pm
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NEUTRAL IMPACT
Alphabet experiences unusual options activity with a 50-50 split between bullish and bearish trades. Whales target a $45.0 to $125.0 price range, while analysts have mixed ratings.
The unusual options activity in Alphabet indicates that there is significant interest from big-money traders, but the sentiment is split between bullish and bearish. This creates uncertainty in the short-term price direction. Additionally, mixed analyst ratings contribute to the neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100