Looking At Alphabet's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Alphabet (NASDAQ:GOOGL) has been observed through unusual options activity. The sentiment among these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $40.0 to $210.0 for Alphabet over the last 3 months. The price of GOOGL is currently down -0.37% at $135.66. Several experts have downgraded their actions on Alphabet with varying price targets.
September 01, 2023 | 8:18 pm
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Unusual options activity indicates a significant bearish stance on Alphabet. The sentiment among big-money traders is split, with a slight lean towards bearish. Several experts have downgraded their actions on Alphabet.
The unusual options activity, with a significant bearish stance, indicates that there may be a negative sentiment towards Alphabet. This, combined with the downgrades from experts, could potentially lead to a decrease in Alphabet's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100