Check Out What Whales Are Doing With BABA
Portfolio Pulse from Benzinga Insights
Whales have taken a bearish stance on Alibaba Group Holding (NYSE:BABA), with 60% of detected trades having bearish expectations. The total trade price for 3 puts is $85,210, while 7 calls amount to $261,477. Whales have been targeting a price range of $80 to $95 for BABA over the last 3 months.
June 21, 2023 | 1:52 pm
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Whales have taken a bearish stance on Alibaba Group Holding (NYSE:BABA), with 60% of detected trades having bearish expectations. The total trade price for 3 puts is $85,210, while 7 calls amount to $261,477.
The article highlights that a majority of the detected trades (60%) have bearish expectations for Alibaba Group Holding. This indicates that these investors expect the stock price to decline in the short term. Additionally, the targeted price range of $80 to $95 by whales over the last 3 months suggests that they believe the stock has potential downside from its current price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100