DexCom Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for DexCom (NASDAQ:DXCM), with a large bullish position appearing on Benzinga's options scanner. The overall sentiment of these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range of $120 to $140 for DexCom over the last 3 months.
June 23, 2023 | 3:05 pm
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A large bullish position has been observed in DexCom's options activity, with big-money traders showing a 58% bullish sentiment. Whales have targeted a $120-$140 price range for the stock over the last 3 months.
The unusual options activity, particularly the large bullish position, suggests that big-money traders expect the stock price to rise in the short term. This could lead to increased buying pressure and a potential increase in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100