Atlassian Unusual Options Activity For July 21
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Atlassian (NASDAQ:TEAM), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $349,082 and for calls was $194,130. Whales have been targeting a price range from $177.5 to $290.0 for Atlassian over the last 3 months. The current price of TEAM is down -0.6% at $174.59.
July 21, 2023 | 7:04 pm
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Atlassian (NASDAQ:TEAM) has seen unusual options activity, with a majority of investors taking a bearish stance. Whales have been targeting a price range from $177.5 to $290.0 over the last 3 months.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential downward pressure on Atlassian's stock price in the short term. The targeted price range by whales also suggests that they are expecting the stock price to fluctuate within this range.
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