Spotify Technology Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Spotify Technology (NYSE:SPOT), with a mix of bullish and bearish stances. Of the 17 strange trades detected, 47% were bullish and 52% were bearish. The trades included 4 puts totaling $231,370 and 13 calls totaling $1,042,900. Whales have been targeting a price range from $135.0 to $165.0 for Spotify over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $185.
August 29, 2023 | 6:01 pm
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Unusual options activity has been detected for Spotify Technology, with a mix of bullish and bearish stances. Whales have been targeting a price range from $135.0 to $165.0 for Spotify over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $185.
The unusual options activity indicates that there is significant interest in Spotify's stock, which could lead to increased volatility. The mix of bullish and bearish stances suggests uncertainty about the company's future performance. Morgan Stanley's downgrade to Overweight with a price target of $185 could potentially influence investor sentiment and the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100