Block Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Block (NYSE:SQ) as evidenced by unusual options activity. The options scanner at Benzinga spotted 28 uncommon trades for Block, split evenly between bullish and bearish sentiment. The total amount for puts is $1,153,991 and for calls is $1,260,440. Whales have been targeting a price range from $60.0 to $130.0 for Block over the last 3 months. The price of SQ is up 2.94% at $80.66. Several financial institutions have maintained or upgraded their ratings on Block.
July 31, 2023 | 4:46 pm
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Unusual options activity has been detected for Block (NYSE:SQ), indicating a significant bullish stance. The price of SQ is up 2.94% at $80.66. Several financial institutions have maintained or upgraded their ratings on Block.
The unusual options activity indicates that a significant amount of money is being placed on the bullish stance for Block. This, combined with the recent price increase and positive ratings from financial institutions, suggests a potential short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100