Activision Blizzard Unusual Options Activity For July 27
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Activision Blizzard (NASDAQ:ATVI), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $334,081 and for calls was $884,400. Whales have been targeting a price range from $80.0 to $95.0 for Activision Blizzard over the last 3 months. Several experts have downgraded their action to Neutral or Equal-Weight with price targets ranging from $90 to $95.
July 27, 2023 | 4:47 pm
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Unusual options activity has been observed for Activision Blizzard, with a majority of investors taking a bearish stance. This could potentially impact the stock's performance in the short term.
The bearish stance taken by a majority of investors in the unusual options activity could potentially lead to a decrease in the stock's price. Additionally, several experts have downgraded their action on the stock, which could further impact its performance.
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