Rio Tinto Unusual Options Activity For June 05
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Rio Tinto (NYSE:RIO) with 75% of detected unusual options trades being bearish. Whales have been targeting a price range of $59.38 to $70.0 for Rio Tinto over the last 3 months.
June 05, 2023 | 2:05 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A whale has taken a bearish stance on Rio Tinto (NYSE:RIO) with 75% of detected unusual options trades being bearish, targeting a price range of $59.38 to $70.0.
The article highlights that a whale has taken a bearish stance on Rio Tinto, with 75% of detected unusual options trades being bearish. This indicates that the investor expects the stock price to decline in the short term. The targeted price range of $59.38 to $70.0 also suggests that the investor is expecting a potential decrease in the stock price. This information is relevant and important for investors in Rio Tinto, as it may impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100