Rio Tinto Unusual Options Activity For September 20
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Rio Tinto (NYSE:RIO), with a bearish stance being taken by a majority of investors. Of the 16 strange trades detected, 62% were bearish and 37% were bullish. The total amount for the 4 puts was $131,090 and for the 12 calls was $646,626. Whales have been targeting a price range from $64.38 to $80.0 for Rio Tinto over the last 3 months. The current price of RIO is up 1.18% at $66.18.
September 20, 2023 | 5:33 pm
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Unusual options activity has been detected for Rio Tinto, with a bearish stance being taken by a majority of investors. Whales have been targeting a price range from $64.38 to $80.0 over the last 3 months.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential downward pressure on the stock price in the short term. The targeted price range by whales also suggests that they are expecting the stock price to move within this range.
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