Activision Blizzard Unusual Options Activity For June 21
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Activision Blizzard (NASDAQ:ATVI), with 75% of detected unusual options trades being bearish. Whales have been targeting a price range of $65 to $90 for the stock over the last 3 months. The stock is currently trading at $81.56, down 0.4%.
June 21, 2023 | 6:17 pm
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A whale has taken a bearish stance on Activision Blizzard, with 75% of detected unusual options trades being bearish. The stock is currently trading at $81.56, down 0.4%.
The bearish stance taken by a whale with a large amount of money to spend indicates a potential negative impact on Activision Blizzard's stock price in the short term. The fact that 75% of the unusual options trades are bearish suggests that there is a significant amount of pessimism surrounding the stock. Additionally, the stock is currently down 0.4%, which may be a reflection of this bearish sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100