Looking At Atlassian's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Atlassian (NASDAQ:TEAM) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. Whales have been targeting a price range from $140.0 to $270.0 for Atlassian over the last 3 months. The price of TEAM is currently down -3.41% at $170.63. Next earnings are expected to be released in 7 days.
July 27, 2023 | 7:16 pm
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Atlassian has seen unusual options activity with a significant bullish stance. The price of TEAM is currently down -3.41% at $170.63. Next earnings are expected to be released in 7 days.
The unusual options activity indicates that big-money traders are taking a bullish stance on Atlassian, which could potentially drive the stock price up in the short term. However, the current price is down -3.41% at $170.63. The upcoming earnings release in 7 days could also impact the stock price depending on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100