AstraZeneca Unusual Options Activity For June 28
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on AstraZeneca (NASDAQ:AZN) as evidenced by unusual options activity. The sentiment among these big-money traders is 90% bearish, with 8 puts amounting to $529,036 and 2 calls amounting to $57,619. The targeted price range for AstraZeneca over the last 3 months has been from $67.5 to $71.0. The current price of AZN is down -0.99% at $70.96.
June 28, 2023 | 8:47 pm
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AstraZeneca has seen significant bearish options activity, indicating a potential downward trend in the short term. The targeted price range is $67.5 to $71.0.
The unusual options activity, with a 90% bearish sentiment among big-money traders, indicates a potential downward trend for AstraZeneca. The targeted price range of $67.5 to $71.0 further supports this analysis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100