This Is What Whales Are Betting On Alibaba Group Holding
Portfolio Pulse from Benzinga Insights
A large bearish position on Alibaba Group Holding (NYSE:BABA) has been spotted, with 51 uncommon options trades identified. The sentiment of these big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $75.0 to $270.0 for Alibaba over the last 3 months.
June 02, 2023 | 4:15 pm
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A large bearish position has been identified on Alibaba (NYSE:BABA), with 51 uncommon options trades and a sentiment split between 43% bullish and 56% bearish among big-money traders.
The large bearish position on Alibaba indicates that big-money traders are expecting the stock price to decline in the short term. This could be due to various factors such as market sentiment, news, or other external factors. The sentiment split between 43% bullish and 56% bearish among big-money traders shows that there is a significant portion of traders who are bearish on the stock, which could lead to a decline in the stock price.
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