Block Unusual Options Activity For June 02
Portfolio Pulse from Benzinga Insights
A large bearish position on Block (NYSE:SQ) has been spotted, with 15 unusual options trades detected. The sentiment is split between 40% bullish and 60% bearish, with 4 puts totaling $684,674 and 11 calls totaling $660,613. Whales have been targeting a price range of $57.5 to $75.0 for Block over the last 3 months.
June 02, 2023 | 5:30 pm
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A large bearish position has been detected in Block (NYSE:SQ) with 15 unusual options trades. The sentiment is split 40% bullish and 60% bearish, indicating potential short-term price volatility.
The large bearish position detected in Block (NYSE:SQ) suggests that a significant investor or institution is expecting the stock price to decline in the short term. The 60% bearish sentiment among big-money traders indicates a higher likelihood of short-term price volatility. This could negatively impact the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100