Block Unusual Options Activity For July 05
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Block (NYSE:SQ) as indicated by unusual options activity. Benzinga's options scanner spotted 24 uncommon options trades for Block, with sentiment split between 41% bullish and 58% bearish. The whales have been targeting a price range from $55.0 to $130.0 for Block over the last 3 months. The price of SQ is currently up 3.95% at $68.81.
July 05, 2023 | 5:16 pm
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Unusual options activity indicates a bearish stance on Block (NYSE:SQ). The sentiment among big-money traders is split between 41% bullish and 58% bearish. The price of SQ is currently up 3.95% at $68.81.
The unusual options activity, with a significant bearish stance, indicates that there may be a negative sentiment towards Block (NYSE:SQ). This could potentially lead to a decrease in the stock price in the short term. The current price increase of 3.95% could be a temporary fluctuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100