Looking At Kenvue's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Kenvue (NYSE:KVUE), with a majority of investors taking a bullish stance. Of the 11 strange trades detected, 72% were bullish and 27% were bearish. The total amount for the 2 put trades was $252,000, while the 9 call trades amounted to $967,827. Whales have been targeting a price range from $20.0 to $23.5 for Kenvue over the last 3 months. The current price of KVUE is down -2.2% at $20.18.
September 27, 2023 | 4:46 pm
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Kenvue has seen significant unusual options activity, with a majority of investors taking a bullish stance. The current price of KVUE is down -2.2% at $20.18.
The unusual options activity indicates that investors are speculating on the future price of Kenvue. The majority of these trades are bullish, suggesting that investors expect the price to rise. However, the current price is down, indicating some market volatility. This could impact the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100