Activision Blizzard Unusual Options Activity For June 27
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Activision Blizzard (NASDAQ:ATVI), with 50% of investors taking a bullish stance and 50% bearish. The total amount for puts is $1,642,917 and for calls is $2,716,380. Whales have been targeting a price range from $67.5 to $95.0 for Activision Blizzard over the last 3 months. The current price of ATVI is up 0.79% at $84.06. Benchmark and Truist Securities have both downgraded their action to Buy with price targets of $90 and $84 respectively.
June 27, 2023 | 5:17 pm
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Unusual options activity has been observed for Activision Blizzard, with equal bullish and bearish stances. The current price of ATVI is up 0.79% at $84.06. Benchmark and Truist Securities have both downgraded their action to Buy with price targets of $90 and $84 respectively.
The unusual options activity indicates a high level of interest in ATVI, which could lead to increased volatility in the stock price. The equal bullish and bearish stances suggest uncertainty about the future direction of the stock. The downgrades by Benchmark and Truist Securities could have a negative impact on the stock price, but this is balanced by the current upward trend in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100