AutoZone Unusual Options Activity For August 23
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for AutoZone (NYSE:AZO), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades include 5 puts totaling $189,764 and 5 calls totaling $292,960. The targeted price range for AutoZone over the last 3 months is from $1040.0 to $3000.0. The current price of AZO is up 0.98% at $2474.3.
August 23, 2023 | 6:34 pm
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Unusual options activity has been observed for AutoZone, indicating a bullish stance by a large investor or institution. This could potentially impact the stock's price in the short term.
The unusual options activity indicates that a large investor or institution is taking a bullish stance on AutoZone. This could potentially lead to increased buying pressure, driving up the stock's price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100