Stellantis Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Stellantis (NYSE:STLA) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 90% bearish, with 10 puts amounting to $433,550 and 1 call amounting to $51,920. The targeted price range for Stellantis over the last 3 months is from $15.0 to $22.0. The current price of STLA is up 2.82% at $17.85.
July 07, 2023 | 7:05 pm
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A large investor has taken a significant bearish stance on Stellantis (NYSE:STLA), with 90% bearish sentiment. The targeted price range for Stellantis over the last 3 months is from $15.0 to $22.0.
The large amount of bearish options activity indicates that a significant investor is expecting the price of Stellantis to decrease. This could potentially lead to a decrease in the stock price in the short term, especially if other investors follow suit.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100