Looking At Alphabet's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Alphabet (NASDAQ:GOOGL), with a bearish stance being taken by a majority of investors. Of the 23 strange trades detected, 60% were bearish and 39% bullish. The total amount for puts was $375,769 and for calls was $2,613,563. Whales have been targeting a price range from $80.0 to $160.0 for Alphabet over the last 3 months. The current price of GOOGL is up 1.74% at $121.98. Several experts have given their ratings and price targets for Alphabet.
July 05, 2023 | 3:17 pm
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Alphabet has seen unusual options activity with a majority bearish stance. The current price is up 1.74% at $121.98.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the price of Alphabet to decrease. This, combined with the current price increase, suggests a potential correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100