AbbVie Unusual Options Activity For September 13
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for AbbVie (NYSE:ABBV), with a bearish stance being taken by a whale investor. Of the 16 strange trades detected, 43% were bullish and 56% were bearish. The trades included 2 puts amounting to $59,185 and 14 calls amounting to $680,506. The targeted price range for AbbVie over the last 3 months has been between $70.0 and $190.0. The current price of ABBV is up 1.78% at $151.92, with RSI indicators suggesting it may be approaching overbought.
September 13, 2023 | 6:15 pm
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Unusual options activity has been detected for AbbVie, with a bearish stance being taken by a whale investor. The targeted price range for AbbVie over the last 3 months has been between $70.0 and $190.0. The current price of ABBV is up 1.78% at $151.92.
The bearish stance taken by a whale investor indicates a belief that the stock price will decrease. This, combined with the RSI indicators suggesting the stock may be overbought, could lead to a short-term decrease in the stock price.
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