Looking At Block's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Block (NYSE:SQ), with 85% of recent unusual options activity being bearish. Whales have been targeting a price range of $56.0 to $115.0 for Block over the last 3 months.
May 31, 2023 | 4:16 pm
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A whale has taken a bearish stance on Block (NYSE:SQ), with 85% of recent unusual options activity being bearish. Whales have been targeting a price range of $56.0 to $115.0 for Block over the last 3 months.
The bearish stance taken by a whale with a large amount of money to spend indicates a potential negative impact on Block's stock price in the short term. The targeted price range of $56.0 to $115.0 also suggests that the whale is expecting a significant price movement. This information is relevant and important for investors in Block, as it may influence the stock's short-term price direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100