AutoZone Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for AutoZone (NYSE:AZO), with 80% of big-money traders taking a bearish stance. Whales have been targeting a price range of $2220 to $2800 for AutoZone over the last 3 months.
June 07, 2023 | 5:31 pm
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NEGATIVE IMPACT
AutoZone (NYSE:AZO) has seen unusual options activity, with 80% of big-money traders taking a bearish stance. The targeted price range is $2220 to $2800.
The unusual options activity indicates that big-money traders are expecting a potential price movement for AutoZone. With 80% of them taking a bearish stance, it suggests that they believe the stock price may decline in the short term. This could impact the stock price negatively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100