Block Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bullish stance on Block (NYSE:SQ), with 55% of detected unusual options trades being bullish and 45% bearish. The total trade amounts are $922,106 for puts and $537,539 for calls, targeting a price range of $50 to $95 for Block over the last 3 months.
June 20, 2023 | 7:46 pm
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Unusual options activity detected for Block (NYSE:SQ) with a bullish stance from a whale. The price range targeted is $50 to $95 over the last 3 months.
The whale's bullish stance on Block indicates a positive sentiment towards the stock, which could lead to an increase in demand and potentially drive the stock price higher in the short term. The targeted price range of $50 to $95 also suggests that the whale expects the stock to perform well within this range. However, it is important to note that options trading carries higher risks and potential rewards, so the impact on the stock price may not be as straightforward as it seems.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100