Alibaba Gr Holding Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Alibaba Group Holding (NYSE:BABA), with a slightly bearish stance. Of the 50 strange trades detected, 48% were bullish and 52% were bearish. The total amount for puts was $411,877 and for calls was $2,069,857. Whales have been targeting a price range from $25.0 to $255.0 for Alibaba over the last 3 months. The current price of BABA is up 2.65% at $95.36. Several financial institutions have maintained their positive ratings on Alibaba, with price targets ranging from $120 to $180.
September 01, 2023 | 5:18 pm
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Alibaba has seen unusual options activity, with a slightly bearish stance. The current price is up 2.65% at $95.36. Several financial institutions have maintained their positive ratings on Alibaba.
The unusual options activity indicates that there is a lot of interest in Alibaba's stock, which could lead to increased volatility. The slightly bearish stance suggests that some investors are expecting the stock price to decrease. However, the fact that the current price is up and several financial institutions have maintained their positive ratings on Alibaba could counteract this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100