Activision Blizzard Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Activision Blizzard (NASDAQ:ATVI), with 70% of detected unusual options trades being bearish. The total amount for puts is $1,182,555, while calls amount to $134,191. Whales have been targeting a price range of $77 to $95 for Activision Blizzard over the last 3 months.
June 05, 2023 | 7:03 pm
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A whale has taken a bearish stance on Activision Blizzard, with 70% of detected unusual options trades being bearish. The total amount for puts is $1,182,555, while calls amount to $134,191.
The bearish stance taken by a whale on Activision Blizzard indicates a potential short-term negative impact on the stock price. With 70% of the unusual options trades being bearish and a total amount of $1,182,555 in puts, it shows that the market sentiment is leaning towards a decline in the stock price. Additionally, the targeted price range of $77 to $95 over the last 3 months suggests that there is potential for the stock price to fluctuate within this range.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100