AutoZone Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for AutoZone (NYSE:AZO), with a majority of investors taking a bearish stance. Of the 11 strange trades detected, 36% were bullish and 63% were bearish. The trades included 4 puts worth $183,340 and 7 calls worth $294,967. Whales have been targeting a price range from $2160.0 to $2650.0 for AutoZone over the last 3 months. The current price of AZO is up 0.59% at $2568.19, with RSI indicators suggesting the stock may be approaching overbought.
July 12, 2023 | 3:48 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Unusual options activity has been detected for AutoZone, with a majority of investors taking a bearish stance. The current price of AZO is up 0.59% at $2568.19, with RSI indicators suggesting the stock may be approaching overbought.
The unusual options activity, with a majority being bearish, suggests that investors are expecting the price of AutoZone to decrease. This, combined with the RSI indicators suggesting that the stock may be overbought, indicates a potential short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100