Nucor Unusual Options Activity For June 07
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Nucor (NYSE:NUE) with 66% of detected unusual options trades being bearish. Whales have been targeting a price range of $135 to $170 for Nucor over the last 3 months.

June 07, 2023 | 6:02 pm
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A whale has taken a bearish stance on Nucor (NYSE:NUE) with 66% of detected unusual options trades being bearish. Whales have been targeting a price range of $135 to $170 for Nucor over the last 3 months.
The article highlights that a whale has taken a bearish stance on Nucor, with 66% of detected unusual options trades being bearish. This indicates that the whale expects the stock price to go down in the short term. Additionally, the targeted price range of $135 to $170 suggests that the whale has a specific expectation for the stock's movement. This information is relevant and important for investors in Nucor, as it may impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100