Autodesk Unusual Options Activity For July 13
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Autodesk (NASDAQ:ADSK) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 23% bullish and 76% bearish. The whales have been targeting a price range from $175.0 to $300.0 for Autodesk over the last 3 months. Currently, the price of ADSK is up 1.35% at $218.22. Rosenblatt has downgraded its action to Buy with a price target of $235.
July 13, 2023 | 5:22 pm
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Unusual options activity indicates a significant bearish stance on Autodesk. The stock price is currently up, but the sentiment among big-money traders is largely bearish.
The unusual options activity and the bearish sentiment among big-money traders indicate that there may be a potential downside for Autodesk's stock in the short term. This is despite the current increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100