Block Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Block (NYSE:SQ), with 57% of the detected trades being bearish. The trades include 8 puts amounting to $349,996 and 13 calls amounting to $806,596. The whales have been targeting a price range from $55.0 to $80.0 for Block over the last 3 months. The price of SQ is currently up 2.32% at $68.83, and the next earnings are expected in 24 days.
July 10, 2023 | 7:06 pm
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A significant investor has taken a bearish stance on Block (NYSE:SQ). The price of SQ is currently up 2.32% at $68.83, and the next earnings are expected in 24 days.
The bearish stance taken by a significant investor on Block (NYSE:SQ) indicates a potential downward pressure on the stock price. The targeted price range of $55.0 to $80.0 also suggests a potential downside from the current price of $68.83. The upcoming earnings release in 24 days could also impact the stock price depending on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100