Costco Wholesale Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Costco Wholesale (NASDAQ:COST), with a large bearish position appearing on Benzinga's options scanner. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $250 to $700 for Costco Wholesale over the last 3 months.
June 06, 2023 | 6:46 pm
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Costco Wholesale (NASDAQ:COST) has seen unusual options activity, with a large bearish position appearing on Benzinga's options scanner. The overall sentiment of big-money traders is split between 47% bullish and 52% bearish.
The unusual options activity and the large bearish position observed in Costco Wholesale's options indicate that there might be a potential short-term negative impact on the stock price. The overall sentiment of big-money traders being split between bullish and bearish also adds uncertainty to the stock's short-term direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100