Looking At Rio Tinto's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Rio Tinto (NYSE:RIO) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $52.5 to $70.0 for Rio Tinto over the last 3 months. The price of RIO is currently down -0.23% at $61.87.
September 27, 2023 | 5:46 pm
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A large investor has taken a bearish stance on Rio Tinto, indicating potential downward pressure on the stock in the short term.
The bearish stance taken by a large investor, as seen in the unusual options activity, indicates that they expect the stock price to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100