Moderna Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been detected for Moderna (NASDAQ:MRNA), with 73% of investors opening trades with bearish expectations. The total amount for puts is $822,130 and for calls is $346,074. Whales have been targeting a price range from $80.0 to $230.0 for Moderna over the last 3 months. The price of MRNA is up 0.71% at $101.0, with RSI indicators suggesting the stock may be oversold.
August 11, 2023 | 4:00 pm
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Bearish options activity has been detected for Moderna, with a significant amount of money being put into puts. This could indicate a negative outlook for the stock in the short term.
The high volume of bearish options activity indicates that investors are expecting the price of Moderna's stock to decrease. This could put downward pressure on the stock in the short term.
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IMPORTANCE 80
RELEVANCE 100