Analog Devices Unusual Options Activity For July 24
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Analog Devices (NASDAQ:ADI), with a majority of investors taking a bearish stance. Of the 13 strange trades detected, 69% were bearish and 30% were bullish. The total amount for the 10 puts was $433,223 and for the 3 calls was $126,080. Whales have been targeting a price range from $160.0 to $195.0 for Analog Devices over the last 3 months. The current price of ADI is $192.37, up 0.21%.
July 24, 2023 | 8:45 pm
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Unusual options activity has been detected for Analog Devices, with a majority of investors taking a bearish stance. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a majority of investors, indicates a potential downward pressure on the stock's price in the short term. This is further supported by the fact that whales have been targeting a price range from $160.0 to $195.0 for Analog Devices over the last 3 months, which is below the current price of $192.37.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100